Freight Transport Association puts pressure on chancellor to freeze fuel duty

The Freight Transport Association (FTA) has called on George Osborne to show his commitment to freeze fuel duty until 2015. 

Chancellor Osborne said at the Tory party conference in September that he wanted to freeze fuel duty for the rest of this Parliament, but the FTA is concerned that there was a significant caveat – “provided we can find the savings to pay for it”. 

The FTA would like Osborne to go further and cut the price of fuel by three pence per litre, pointing to studies which suggest the move could deliver significant benefits including creating jobs, boosting GDP, and in some circumstances, delivering a net increase in tax revenues.

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