The Road Haulage Association (RHA) has expressed its delight at the Chancellor’s decision to abandon a fuel duty increase till 2013 at the earliest.
The 3.02ppl increase, which was set to be implemented by the Government in August, was vigorously campaigned against by the RHA-backed FairFuelUK Alliance.
It was argued this rise could damage the economy and add on more than £1,000 to the costs of running a truck a year.
RHA Director of Policy, Jack Semple said, “This is a further landmark policy achievement by the FairFuelUK alliance, of which the RHA is a leading member.”
“The announcement will prevent further pressure being applied to the profitability and cash flow of UK hauliers in particular.”
“More widely, the Chancellor’s decision will be welcomed by businesses and consumers across the entire economy,” he concluded.
Skipton Business Finance has a special relationship with the haulage sector, having funded numerous hauliers over the last 13 years, and is especially pleased to see the FairFuelUK campaign is proving successful.
By the end of 2012, 23% of all invoice finance clients in the UK were in the logistics sector