Treasury Minister, Danny Alexander gave the key note speech at the Road Haulage Association Lunch on Thursday. He reiterated that FairFuelUK has been responsible for the Treasury finally investigating the Campaign’s claim that cutting fuel duty really will positively help the economy.
FairFuelUK’s NIESR research financed by the RHA showed that a 3p cut in duty will generate 70,000 jobs, increase GDP by 0.2% and lower inflation. For the last 3 years the evidence of stable pump prices has shown exactly these positive fiscal outcomes.
As a result the Minister has invited FairFuelUK’s Quentin Willson and Howard Cox to the Treasury on the 9th June to see their own evidence to substantiate the FairFuelUK’s long held proof that has been supported consistently by millions of road users and businesses.
Quentin Willson said "This is fabulous news that at last the Government is seeing economic sense in an issue that has been staring all Governments in their fiscal faces for decades”. Howard Cox said, "If it were not for the RHA, FTA, APN, UKLPG and the RAC none of this would have been possible. A huge battle won but the war is still on. How far will the Treasury go to lower their tax take from 32 million road users?”
The Treasury Minister is pictured here with FairFuelUK''s co-founder Howard Cox at the RHA Lunch. RHA is a founding backer along with the FTA of the campaign that has actively stopped Labour’s £30 Billion in tax hikes being implemented in the lifetime of this Parliament.
Here is an extract from what the Minister said at the RAH Lunch:
"When I came into this role…I was under no illusion about just how important fuel price and fuel price stability is to your industry. And I understand that the RHA – alongside the Freight Transport Association – were the first two backers of the FairFuelUK campaign?
Indeed, I’ve met Quentin Wilson and Howard Cox on a number of occasions. That campaign has made – and continues to make – a very significant impact in Parliament, in Whitehall and in the Treasury.As many of you will know, since 2011 the government has:
- abolished the fuel duty escalator
- cut fuel duty by 1 penny per litre
- and scrapped 4 planned increases.
Meaning that, by the end of this parliament… Fuel duty will have been frozen for nearly four and half years. That’s the longest duty freeze in over 20 years.In fact, the government will have eased the burden on motorists and hauliers by £22.5bn over the parliament to 2015-16. So – by 2015-16 – a typical haulier will have saved a total of £21,000. It’s worth bearing in mind that these decisions – while important – haven’t been easy to make. That £22.5bn would have come to Treasury coffers… And when you’re trying to reduce a deficit as large as the one we inherited…You have to make sure that every pound lost is a pound that makes sense. But Geoff Dunning (CEO of the RHA) and his team made very clear to me… With passion and evidence… Occasionally by force of email!… Just how vital a role logistics vehicles play in our economy.
Many of you in this room will know that FairFuelUK challenged the Treasury with some modelling work about how Fuel Duty affects the overall economy. And I can confirm that the Treasury has now undertaken some modelling of our own. And I’m inviting Quentin and the FairFuelUK team to come in and discuss that modelling in the coming weeks. The fact that Quentin is coming in soon shows – I hope – something very important.
That just because fuel duty has frozen…It doesn’t mean that our relationship will! We want to maintain a high level of dialogue with you… And we want to keep working, to support the work that you do."
His fall speech can be read at this link https://www.gov.uk/government/speeches/danny-alexander-tells-road-haulage-association-you-are-the-ones-literally-driving-our-recovery