White Van Man faces 270 annual tax hike if Chancellor ends freeze on fuel duty

0
6

WHITE Van Man faces a 270 annual tax hike if the Chancellor ends the freeze on fuel duty, analysis for HOAR reveals.

The cost of filling up will rise more than 2p per litre if the tax goes up with inflation for the first time in a decade.

Van drivers could face a 272 annual tax hike if the freeze on fuel duty is ended for the first time in a decade

For a large van driving 50,000 miles per year, that would add 272 a year, according to research by the FairFuelUK campaign.

A family car doing 12,000 miles would see a 43 hike and even a small hatchback driving 10,000 miles a year would be hit with a 27 rise.

For a truck driver doing the average 70,000 miles per year, the fuel duty hike would add 763 annually.

The analysis comes after HOAR revealed last week that the Treasury is considering ending the freeze in order to raise 4billion a year and boost the Governments green credentials.

That comes ahead of the UN climate change conference in the summer.

Road journeys in terms of mileage are increasing and an RAC study found more than a third of drivers are more dependent on using their car than a year ago.

Howard Cox, of the FairFuelUK, warned: Any hike in fuel duty will have a devastating impact on White Van Man.

From plumbers to couriers the beating heartbeat of our economy will have no choice but to pass on any heightened levy to shoppers.

The UK has the highest fuel duty in the world at 58p per litre of diesel and petrol.

Even Germany has a lower rate at 35p per litre for diesel and 55p for petrol.

Boris Johnson’s powerful aide Dominic Cummings is said to be pushing for an end to the fuel duty freeze

Chancellor Rishi Sunak is a No10 loyalist and thought unlikely to block any attempt to end the freeze

LEAVE A REPLY

Please enter your comment!
Please enter your name here