Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps he is taking to support the haulage industry in response to high fuel prices.
In response to fuel prices reaching their highest ever levels, the government announced at Spring Statement 2022 a temporary 12-month cut to duty on petrol and diesel of 5p per litre.
This is the largest cash-terms cut across all fuel duty rates at once, ever, and is only the second time in 20 years that main rates of petrol and diesel have been cut. This cut represents savings for households and businesses worth around £2.4 billion in 2022-23.