Thursday 15 November 2012
The government should think again about increasing fuel duty in the new year, it has been claimed.
Alex Jackman, senior policy adviser at the Forum of Private Business (FPB), said plans to raise duty by 3p in January 2013 are "nothing short of economic vandalism in the current climate".
This will be conceivably "the worst possible start to the new year" for cash strapped small businesses, he claimed.
"There's a real opportunity for the Chancellor now to show he's in tune with businesses by offering up an early Christmas present in the Autumn Statement with news January's rise has been ditched," Mr Jackman stated.
"Quite frankly we would like to hear Mr Osborne announce a freeze on fuel duty for the foreseeable future."
He said the less duty consumers pay on fuel means more money swilling around the economy.
He suggested that an outright freeze will also provide more stability for small firms to plan ahead for 2013 while encouraging consumers to spend.
Mr Jackman added that "hammering motorists may seem like an easy option for the government, but high fuel prices affect everything and everyone in the country".
Posted by Dan Smith