The FairFuelUK campaign believes that figures released today showing a marked drop in fuel duty revenue to the Treasury prove that Fuel Duty rates are far too high. The Treasury collected £637 Million in fuel taxes less than in the corresponding period 3 years ago, despite record levels of Fuel Duty.
Robert Halfon MP said, ‘The FairFuelUK campaign has constantly argued that Fuel Duty is now so high that we are at the point of diminishing returns. The higher the level of Fuel Duty, the less the Treasury actually collects because people and businesses simply can't afford to keep on the move. It is vital that we cut fuel taxes to get the economy moving again'.
Peter Carroll, organiser of the FairFuelUK campaign and a former road haulier said, ‘These figures show that high Fuel Duty levels mean everyone, even the Treasury, suffers. The general motoring public are hit in their pockets so cut back on other spending. Businesses suffer higher costs and the economic growth that we all need is strangled. Our UK hauliers are undercut by continental hauliers pouring into Britain full of cheap fuel all bought abroad. The Government is planning a further Fuel Duty increase in January 2012. These figures show that this should be abandoned and Fuel Duty should be cut. Now!