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Trade News Archive May 08 April 08 March 08 February 08 January 08
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28th May 2008
FPB calls for government to cancel fuel duty increase
The Forum of Private Business (FPB) has added its voice to those calling for the government to scrap a planned increase of 2p in fuel duty in October.
Earlier this week, hundreds of lorries blockaded roads in the capital to protest against the spiralling costs of petrol and diesel.
Now, the FPB has said that the proposed increase in fuel duty will adversely affect the country's small businesses.
"Given the disproportionate burden of tax they face, and the current credit crunch, it is important that the government supports small businesses, instead of undermining them with even higher transport taxes," explained the FPB's media and PR officer, Phil McCabe.
The Freight Transport Association (FTA) added that rising fuel costs would necessarily increase costs for businesses further down the supply chain.
"Inevitably, that problem has to be passed on to all of their customers, whether commercial or private consumers," FTA director of policy James Hookham pointed out.
"After everything that has happened, the chancellor cannot seriously be thinking about adding to the fuel price burden by increasing the duty level. He must recognise the extent of this emergency right now."
(c) 2008 Adfero Ltd.
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