Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will include additional support to the road haulage industry for fuel costs in the Spring Budget.
At Spring Statement 2022, in response to high fuel prices, the Government introduced a temporary 12-month cut to duty on petrol and diesel of 5p per litre.
This represents a tax cut worth around £2.4 billion in 2022-23, benefiting anyone who consumes fuel across the UK – including the road haulage sector. Compared to uprating fuel duty in 2022-23, cutting fuel duty to this level saves the average UK haulier over £1,500, based on average fuel consumption.
All taxes remain under review and the Chancellor will confirm policy in the Budget in the Spring, as was the case in previous years.