LOGISTICS UK has submitted its concerns and industry recommendations to the UK government ahead of the 2023 Spring Budget. The business group has highlighted the dangers of a disproportionate rise in fuel duty to inflation and the UK economy, and has called for a mechanism that retains the 5ppl fuel duty cut introduced in March 2022, while maintaining revenue levels through VAT and other sources.
Logistics UK has previously raised concerns regarding a reported potential 23% increase in fuel duty from Spring 2023.
Such an increase, according to David Wells, the business group’s CEO, would equate to an additional £4,850 annual cost to run a 44t truck. 99% of logistics businesses are SMEs and even a small haulage firm with seven HGVs could be facing an additional £34,000 to annual operating costs if the duty rise were to be introduced after March 2023.
