Car Insurance News
Fuel duty changes 'relief' to customers
30 November 2011
Yesterday (November 29th) the chancellor of the exchequer George Osborne announced the government would be scrapping the proposed fuel duty hike in January 2012 in the Autumn Statement, which is a welcome relief to car insurance customers - an expert has suggested.
According to chief executive of independent financial advisors Unbiased Karen Barrett, the decision to scrap the fuel duty rise is not a dramatic change but it will help ease the burden on people's everyday living costs.
Research conducted by the firm earlier this year suggested that fuel duty was the number one tax consumers wanted to abolish, with 20 per cent suggesting this was the worst tax hike.
"The freeze on January's planned fuel duty rise, announced in the Chancellor's autumn statement today, will be a small relief to consumers and those motorists who rely heavily on their car to earn their living," Ms Barrett added.
According to the chief executive officer of the Freight Transport Association Theo de Pencier, the fuel duty hike would have cost the haulage industry an extra £325 million a year.
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