Budget evokes mixed feelings in motor industry
Many motor industry responses have come in regarding the Chancellor’s Budget yesterday, especially surrounding the fuel duty freeze and the pledge of £200million for pothole repair. Not surprising is the mixed feelings in hearing of a freeze for September’s planned 1.6p per litre rise in fuel duty. It means that there will be no rise in fuel duty prior to the 2015 general election. A relief for us motorists, but for some it comes as a resounding disappointment that there are no plans to go a step further and reduce it. James Hookham, FTA Managing Director of Policy and Communications said: “ The Chancellor has kept his promise to freeze fuel duty and industry will be £187 million a year better off for that, but he missed the opportunity to stimulate the economy further by reducing fuel duty and putting around £690 million into the pockets of families and British business. This could have given a further stimulus to the economy and locked in the positive growth already achieved. ” To r...