Tax and Fiscal Policy

Fuel duty hike would be “deeply unfair”

Dr Richard Wellings quoted in the Daily Express

Chancellor Rishi Sunak is considering raising fuel duty by between 1p and 2p per litre to help stabilise the public finances.

Quoted in the Daily Express, IEA Head of Transport Dr Richard Wellings 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”.

Wellings argued that British motorists are already “heavily taxed” and any increase in fuel duty would be “deeply unfair”.

Read the full article here.