Excise Duties: Fuels

Treasury written question – answered on 27th March 2014.

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Photo of Philip Davies Philip Davies Conservative, Shipley

To ask the Chancellor of the Exchequer

(1) what assessment he has made of the impact on (a) UK employment levels and (b) Gross Domestic Product of a cut in fuel duty of (i) three pence and (ii) one pence;

(2) how many meetings have taken place between (a) Ministers and (b) officials in his Department with FairFuelUK in each of the last two years.

Photo of Nicky Morgan Nicky Morgan The Economic Secretary to the Treasury

Since 2011, the Government have taken action on fuel duty to support both households and businesses. At autumn statement 2013 the Government cancelled the increase that was planned for September 2014, freezing fuel duty for remainder of Parliament. As a result of this Government's action, a typical motorist will save £680 in total by 2015-16, compared to the previous Government's plans.

All fuel duty cuts and freezes since Budget 2011 have had to be fully funded, through tax rises or spending cuts elsewhere. The impact of any reductions will need to be considered in the context of the wider public finances.

The Government regularly meet a range of stakeholders on fuel duty.

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