The Autumn Statement 2014: The Results
Here we discuss the results of The Autumn Statement
Following yesterday’s Autumn Statement where the Chancellor confirmed that the fuel duty will remain frozen at the current rate of 58p a litre until May 2015, Allstar has expressed disappointment that there will be no reduction
Anthony Hobbs, Head of Digital & Mobile at Allstar said:
“Although we do welcome the announcement of a freeze in fuel duty, we would have preferred to see a reduction from the current rate particularly in light of a parallel report by the Independent Office for Budget Responsibility which suggests that there could be an increase in September 2015, as well as further increases in line with inflation each year from 2016 to 2019."
He went on to say:
“Fuel prices have fallen throughout this year, with supermarkets offering petrol at the lowest price in almost four years, and a reduction in the duty would have been a very welcome continuation of this trend as well as a boost for UK businesses”.
Alongside the fuel announcements, the Chancellor re-confirmed the £15 billion nationwide investment programme in Britain’s roads, which will see 1,300 miles of road across the UK being built or upgraded. As well as the addition of extra lanes to key motorways to ease congestion, drivers of electric vehicles will benefit from new charging points which will be included every 20 miles on most routes to promote the use of greener electric vehicles.