Logistics UK responds to Budget announcement that freeze on fuel duty is to be maintained

Speaking in response to Chancellor John Healey’s announcement in the Budget that the current freeze on fuel duty is to be maintained, Ben Fletcher, Chief Executive of business group Logistics UK said:

“The government’s decision to retain the 5p per litre cut in fuel duty is a wise decision which will help keep trade moving, support growth across the economy and avoid adding further inflationary pressures. We are delighted that the Chancellor has listened to Logistics UK’s strong case for maintaining the duty cut at a time of global uncertainty and rising costs for businesses and consumers.”

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