Issue 290 - TAXI Newspaper

More readers than the rest put together! 3 APRIL 2013 | TAXI 27
NEWS
Fuel duty hike scrapped
Motoring
The Chancellor George Osborne
announced that he has cancelled a
planned fuel duty rise for September
which would have added around 2p
to the price of a litre of petrol.
Fuel duty rates will instead remain
at 57.95ppl until September 2014 in a
decision that is likely to cost the
Treasury around £1bn in lost
revenue over the next 12 months.
The Chancellor has already moved
the scheduled increase twice in the
Chancellor George Osborne cancelled fuel duty rise
past year and was under increasing
pressure to scrap it altogether.
The fuel lobby hailed the
announcement as a massive relief for
beleaguered motorists, who have
seen petrol prices soar to as much as
138.32ppl in February.
Mr Osborne said: “Together with
the British people we are, slowly but
surely, fixing our country’s economic
problems.”
Axing the increase means petrol
will be 13ppl cheaper than if the
duty had not been frozen over the
Image: DFID - UK Department for International
Development via Wikimedia Commons
last two years.
The Chancellor said the savings
would be substantial and added that
“for a Vauxhall Astra or a Ford Focus
that’s £7.00 less every time you fill up”.
Mr Osborne said: “We inherited a
fuel duty escalator that would have seen
above inflation increases in every year of
this Parliament. We abolished the
escalator and now we’ve now frozen fuel
duty for two years. This has not been
easy. The Government has foregone
£6billion in revenues to date.”
Edmund King, president of the
AA, welcomed the news, but with
“relief, rather than joy”.
Professor Stephen Glaister,
director of the RAC Foundation,
said: “Through this move the
Chancellor will lose about £1 billion a
year in duty and VAT income, but tens
of thousands of people will be saved
from being forced to give up their cars
against a backdrop of generally rising
running costs.
“It is welcome that George Osborne
has listened to the concerns of the
nation’s 35 million motorists about
the inflammatory issue of near-record
pump prices.”
Bilker Watch
[ ]
Don’t Lose out!
LTDA Bilking Fund
Incidents involving passengers
who fail to pay their taxi fare,
especially at night, are on the
increase. LTDA members who
experience this problem can
request the LTDA to
investigate the incident and
endeavour to recover the
unpaid fare. If the LTDA is
unsucessful, but the member is
able to provide evidence of a
police report reference, a
compensation payment (max
£50) may be available from the
‘LTDA Bilking Fund’.
Image: Joyce Vincent / Shutterstock.com
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