Tax and Fiscal Policy

Raising fuel duty will “damage the economy by lowering labour mobility”


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Emily Carver writes for FreeMarketConservatives

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Alexander Hammond quoted by the Telegraph

Tax and Fiscal Policy

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.



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