A hike on fuel duty would be “deeply unfair” and damage our economic recovery says IEA expert
3 February 2021
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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
For media enquiries please contact Emily Carver, Head of Media, 07715942731
IEA spokespeople are available for further comment.
Read IEA report ‘Time to Excise Fuel Duty?’, click here.
“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
For media enquiries please contact Emily Carver, Head of Media, 07715942731
IEA spokespeople are available for further comment.
Read IEA report ‘Time to Excise Fuel Duty?’, click here.
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