Proof Cutting Fuel Duty Will Increase Consumer Spending and Small Business will Invest More Too
Spending Intentions Tables from the FairFuelUK Poll based on potential Fuel Duty changes in the Budget
The FairFuelUK poll titled “What do YOU want from the Christmas Budget 2025?" was conducted as part of their 14th annual Pre-Budget Opinion Survey. It was open to all between October 20th and November 14th, with over 63,000 participants responding, to date.
• Of the 63,909 poll respondents, 45.7% want Fuel Duty Cut by up to 20p per litre, 27.5% want it kept frozen, 19.3% want this regressive levy scrapped altogether, and 3.6% want it increased by up to 20p per litre. 3.9% were unsure about what they wanted to happen with the budget regarding this tax.
• Despite more than 83.4% saying that EVs should be taxed to use our roads, 4 out of 5 (78.7%) are completely against introducing any form of pay-per-mile taxation.
• Between 47% and 69% of respondents to the survey said they’d have to cut back their spending if Fuel Duty were hiked by restoring Rishi Sunak's temporary 5p cut or even worse by potentially up to a rumoured 10p - 20p increase in the Winter Budget.
• But if Rachel Reeves continues to freeze or even cuts Fuel Duty by as much as 20 pence, up to 9 out of 10 of these road users will likely spend their pump fill-up tax cut savings into the economy.
• 9 out of 10 drivers will spend considerably more in the economy, with these filling up at the pump savings, if Fuel Duty is cut by 20p per litre.
• Over 12,007 small businesses/sole traders also responded, with 55% to 77% stating that their company would have no choice but to reduce their business costs if fuel duty were increased by 5p to 20p in the Budget.
• If the Chancellor continues to freeze Fuel Duty, however, one in four small businesses responding to FairFuelUK's Annual survey will definitely increase their spending on their businesses. However, more encouragingly for the Treasury to develop economic growth, any cut of 5p up to 20p per litre in this regressive levy will lead to an even more significant increase in expenditure for 55% to 77% of these sole traders and small businesses.
• 3 out of 4 sole traders will definitely spend on their businesses if Fuel Duty is cut by 20p per litre.
Howard Cox, Founder of FairFuelUK, says: "Time and time again over the past decade and a half, FairFuelUK has demonstrated, through highly respected independent economic analyses, that reducing fuel duty on the highest taxed drivers in the world will slow down inflation. GDP will grow, jobs will be created, consumer spending will rise, business investment will increase, and consequently, Treasury income will benefit significantly. Our latest survey is not the typical market research for purists. But, it shows that putting money into the pockets of real people, such as these consumers and businesses, will promote economic growth and boost tax revenue for this beleaguered Labour Government. So, at the very least, Rachel Reeves, please keep Fuel Duty Frozen for the lifetime of this Parliament.”
"Net Zero is neither a valid nor an effective tax policy for pursuing economic growth, either. Over the last 20 to 25 years, CO2 emissions worldwide have increased by 50%, but the UK’s have decreased by 45%. So why should drivers be penalised for the good environmental work already done here in Blighty? Why should consumers and businesses be punished in the pocket when we have done more than any other country in the world to reduce emissions?"
"To improve economic productivity, the UK should copy the US and build more roads, especially motorways, as part of its long-term infrastructure strategy. Initial priorities should include, for example, connections between the Midlands and key ports, such as Felixstowe, Southampton, and Hull, as well as links between large cities – particularly the long-neglected trans-Pennine routes. And of course, to maximise the accumulation and recognised productivity benefits of roads, the UK should reduce road user costs to the US model. And that means cutting Fuel Duty."
The FairFuelUK Opinion Poll is still open at: https://zfrmz.eu/uQF4eOG5UgQl72RB6QOb
Background: Since 2011 the APPG for Fair Fuel for UK Motorists and UK Hauliers has examined major issues that impact on UK drivers. Along with FairFuelUK, it has been a major influencer on keeping Fuel Duty frozen since 2011. As well as fuel taxation, other issues addressed by the APPG that impact on drivers, have included congestion charges, ULEZ/CAZs, parking costs, roads investment, unfair treatment for fossil fuelled vehicle owners, solutions to lower emissions, cleaner fuel incentives, alternative technology options and transparent pricing at the fuel pumps with a continual call for PumpWatch. With the expected decline in Fuel Duty revenue, the APPG will also formulate a long-term approach to the future of road taxation and a positive transport strategy for all road users. https://fairfueluk.com
Since 2010, FairFuelUK has saved drivers over £200 billion in planned tax hikes on duty and VAT through constructive and objective campaigning. Had FairFuelUK not campaigned to scrap the fuel duty escalator, fuel tax today would be 90p/lt rather than 57.95p/lt. Today, we would be paying £2.00+ per litre at the pumps had FairFuelUK not fought for the World's highest taxed drivers. Because of the Campaign, inflation is down 6.7% and £24 billion has been put back into consumer spending each year since 2011.
FairFuelUK is a public affairs team with no shareholders to satisfy, just an award-winning campaign representing the real concerns of hard-working motorists, families, small businesses, commercial drivers, and hauliers across the UK—decades of fiscal exploitation by successive Governments with little in return warrant the need for FairFuelUK.
For 12 years, this award winning campaign was funded by the RHA, Logistics UK and other respected organisations, 1.7m supporters and 146 MPs . FairFuelUK is led by its founder, Howard Cox. Previous backers have included the RAC, Association of Pallet Networks, UKLPG and many others.
Media Contact:
Howard Cox
FairFuelUK Campaign
+44 7515 421611
howard@fairfueluk.com
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
