Raising fuel duty will “damage the economy by lowering labour mobility”
7 March 2020
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In the Media
Emily Carver writes for FreeMarketConservatives
6 March 2020
In the Media
Alexander Hammond quoted by the Telegraph
8 March 2020
Economic Theory
Dr Richard Wellings quoted by the Express
With rumours that the new Chancellor may raise fuel duty in the Budget this week, the IEA Head of Transport Dr Richard Welling said “governments tend to view petrol taxes as a convenient source of revenue when budget deficits are high.”
Quoted by Express.co.uk, he added “fuel duty is effectively a tax on trade within the UK. Raising it will damage the economy by lowering labour mobility, preventing economies of scale and hindering competition and specialisation.”
Read the full article here.
Quoted by Express.co.uk, he added “fuel duty is effectively a tax on trade within the UK. Raising it will damage the economy by lowering labour mobility, preventing economies of scale and hindering competition and specialisation.”
Read the full article here.
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