Fuels: Excise Duties

(asked on 24th March 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 21 March 2016 to Question 30272, what account he has made of the effect on economic growth of the recent reduction in fuel duty.


Answered by
Damian Hinds Portrait
Damian Hinds
Minister of State (Education)
This question was answered on 11th April 2016

The Government took into account a wide number of factors when considering the impact of freezing fuel duty at Budget 2016, including the impact on growth. HMRC/HM Treasury analysis published in 2014 can be found here: https://www.gov.uk/government/publications/analysis-of-the-dynamic-effects-of-fuel-duty-reductions

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