RHA tells Sun: Increasing fuel duty will cause more hardship

Ahead of the Chancellor's upcoming budget, our Managing Director Richard Smith told The Sun newspaper:

"The UK already has abnormally high fuel duty. With firms operating on average profit margins of just two per cent, and a record number of insolvencies last year, increasing fuel duty will only cause more hardship.

“We urge the Government to maintain the freeze — otherwise there will be dangerous consequences for many thousands of businesses, including those operating lorries, coaches and vans..."

Our analysis shows that if the duty went up by 5p, Britain’s GDP would be slashed by at least £430million each year after five years — cancelling out most of any extra revenue generated by raising it.

We're backing The Sun's Keep It Down campaign. You can read more about it HERE.

We recently published a series of asks and recommendations to Government ahead of the budget. You can read the recommendations in full HERE.