Logistics UK responds to media reports about continued fuel duty freeze in the Budget

Responding to media reports today that the Chancellor is set to retain the current freeze on fuel duty in tomorrow’s Budget, Ben Fletcher, Chief Executive of business group Logistics UK said:

“Logistics businesses across the UK will be hoping that today’s media reports about the continued freeze in fuel duty prove to be accurate. Retaining the current 5p per litre cut in tomorrow’s Budget would be a pragmatic measure that keeps trade moving, supports growth in every postcode and avoids adding further inflationary pressures at a time of rising costs for consumers and businesses. We believe the case for maintaining the current fuel duty rate is clear as businesses continue to face significant cost pressures and economic uncertainty.”

Business group Logistics UK champions the logistics sector, the backbone of the UK economy and global trade, providing a unique, authoritative voice for its members. As the only trade association representing the whole industry, it supports more than 22,000 members, operating in road, rail, waterways, sea and air freight, in ports, airports and warehousing, as well as the customers of freight services such as retailers and manufacturers. The group delivers industry representation, services and thought leadership to support a sector that is critical to economic growth, employing 8% of the UK workforce, contributing £175 billion in annual GVA and enabling over a £1 trillion of international trade. For more information about the organisation and its work, please visit www.logistics.org.uk