Tax and Fiscal Policy

A hike on fuel duty would be “deeply unfair” and damage our economic recovery says IEA expert


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Christopher Snowdon writes for Spiked

Tax and Fiscal Policy
Commenting on reports of a potential fuel duty hike, Dr Richard Wellings, Head of Transport at the free market think tank the Institute of Economic Affairs said:

“Fuel duty is a tax on business, trade and jobs, so raising it will damage the UK economy at a time when a strong recovery is desperately needed. 

“It is also deeply unfair, with road transport already very heavily taxed compared with other sectors. 

“While action is needed to tackle ballooning government debt, ministers should focus on cutting wasteful spending rather than hiking harmful taxes.”

ENDS

Notes to Editors

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Read IEA report ‘Time to Excise Fuel Duty?’, click here.



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