Rumours, Jeremy Hunt Wants to Freeze Fuel Duty in the March Budget
| Howard Cox Founder of FairFuelUK says: “My Cebr Report published in December 2022 following the Autumn Statement seems to have really hit home at Number 11. The Chancellor cannot now ignore that the OBR’s planned 23% duty hike will add 2.3% to inflation, reduce GDP by 1% and cost 37,000 jobs. Freezing one of the world’s already highest motoring fuel taxes whilst welcomed, the Treasury has to go much further and reduce this regressive tax significantly to put more money into consumer spending and business investment. Inflation is slowly falling because of recent falling pump prices. So wake up please, smell the coffee and recognise Mr Hunt, you could make a massive impact into lessening the cost-of-living-crisis in the stimulation of real economic growth by cutting fuel duty big. And guess what, if you do so, the Tory Party might be re-elected simply by implementing this popular and common sense fiscal strategy.” CEBR Report – https://www.fairfueluk.com/OBR/ | ||
| Media Contact: Howard Cox, Founder of the FairFuelUK Campaign and the Secretary to the APPG for Fair Fuel for Motorists and Hauliers –Contact details : howard@fairfueluk.com Tel: 07515421611 |
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