Shadow chancellor urges government to postpone August's planned 3p increase in
fuel duty until next year
«Freezing
fuel duty until the end of parliament will save drivers # 11 every time they fill up their tanks compared to what it would have cost under Labour.
Not exact matches
Fuel duty is set to rise by two pence, although motorists will enjoy a reprieve
until October, followed by a further 1.8 pence.
It insists that
fuel would be 10p a litre more expensive now under plans for a
duty «escalator» drawn up by the previous government, which scheduled annual inflation - plus - 1 % rises
until 2014.
The decision to scrap the 3p rise in
fuel duty planned for January altogether, rather than just putting it off
until April, wins the chancellor brownie points far in excess of its actual cost.
In the last autumn statement, he scrapped an increase he had already deferred
until January and now it appears he may freeze
fuel duty rises throughout this parliament.
In freezing the
fuel duty freeze, Osborne will be repeating his autumn statement from last year, raising calls by some for the total scrapping of the
fuel duty escalator under which tax is supposed to increase by the retail price index (RPI) every April
until 2014.
But the Tory MP Robert Halfon, who has led the campaign against increasing
fuel duty, said he would not vote against the government
until he saw whether the chancellor, George Osborne, responded to the mounting concerns in his autumn statement, due on 5 December.
Fuel consumption is 47.1 and 40.9 mpg respectively for the two engine choices — buyers of the 2.0 - litre might want to wait
until the new Vehicle Excise
Duty (VED) laws come into action on 1 April 2017.
These imports are not included in the import statistics
until they are (1) withdrawn from storage free of
duty for use as
fuel for vessels and aircraft engaged in international trade; or (2) withdrawn from storage with
duty paid for domestic use.
As far as the UK is concerned, I calculate that current policy is above estimates of optimal SCC
until well beyond 2050 even if
fuel duty in the road transport sector is diregarded (which is obviously the big one).
One part of the United Kingdom's environmental tax reform involved a steadily increasing
fuel tax known as a
fuel duty escalator, which was in effect from 1993
until 1999.
Until our industry comes to grips with the conflict between our common law fiduciary
duties and our deeply entrenched, commission -
fuelled sales culture, change is unlikely.