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Fuels: Prices

Treasury written question – answered on 24th January 2011.

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Photo of William Bain William Bain Shadow Minister (Environment, Food and Rural Affairs)

To ask the Chancellor of the Exchequer

(1) what assessment he has made of the effects of changes in automotive fuel prices on (a) inflation and (b) growth in each of the next four financial years;

(2) what assessment he has made of the effects of levels of fuel duty on (a) output and (b) growth in the road haulage industry in each of the next four financial years.

Photo of Justine Greening Justine Greening The Economic Secretary to the Treasury

I refer the hon. Member to the answer given on 17 November 2010, Hansard, column 576W. Through the measures set out in Budget 2010 the Government are tackling the fiscal deficit to secure growth and provide the confidence all businesses need to invest. The haulage industry will be affected by a range of Budget measures such as fuel duty and corporation tax changes.

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