UK Fuel Duty Increase: A Potential Economic Blow

UK drivers brace for potential fuel duty increase, warning of economic impactFairFuelUK warns of serious consequences for businesses if fuel duty is raised in the UK, ahead of Chancellor Rachel Reeves Autumn Budget. The group argues that keeping fuel duty frozen has boosted the economy and helped businesses stay afloat. However, there are reports of a ten pence increase, which would reverse a previous cut and add another five pence per liter, potentially hindering economic growth. FairFuelUK stresses that any increase in fuel duty is a regressive tax, disproportionately affecting low-income families. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.