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Logistics UK calls on Chancellor to maintain fuel duty rate in 2024 Budget submission
On 6 March, the Chancellor of the Exchequer will set out his next Budget.
Ahead of this, Logistics UK has written to the HM Treasury to make clear that now is not the time to increase Fuel Duty.
“The current 5 pence per litre (ppl) cut in Fuel Duty is set to end on 23 March 2024, and we want to see it maintained for another year, given the other inflationary pressures on the sector,” said David Wells OBE, Chief Executive of Logistics UK.
“Logistics UK’s 2024 Budget response highlights our key asks, detailing each priority area vital for our members and for a broader understanding of the sector.
“We have set out specific actions the Chancellor can make to deliver integrated infrastructure, a fair transition to a green economy, to develop skills partnerships with the sector and to boost trade to support innovation and productivity,” continued Mr Wells.
“Additionally, we have underscored the necessity of distinguishing logistics from general transport data and the establishment a cross-Whitehall Logistics Productivity Forum.”
The submission can be viewed here.
Published On: 25/01/2024 14:05:00
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In brief
DP World goes fossil-free at London Gateway
As part of London Gateway’s sustainability drive, its diesel-engine equipment and installations were switched over at the start of January to run on Hydrotreated Vegetable Oil (HVO), a renewable biodiesel derived from sustainable sources.
This transition will significantly lower carbon dioxide emissions at the hub and is expected to save around 8,300 tonnes of CO2 equivalent (CO2e) in 2024 – equal to the annual emissions of more than 4,700 family cars.
DP World will deploy HVO at London Gateway throughout the entirety of 2024, with an expected 26% net reduction in the company’s total carbon emissions from its fleet and installations by the end of the year.
“Transitioning from fossil diesel to Hydrotreated Vegetable Oil (HVO) across our operations is critical to meeting our customers’ supply chain demands,” said Ahsan Agha, Vice President Port Operations at DP World London Gateway.
“The move demonstrates not only our goal of becoming a net zero carbon organisation by 2050 but also highlights our commitment to our customers’ sustainability success as well as our own.”
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