The Retail Motor Industry Federation is urging chancellor of the exchequer, Gordon Brown, to reconsider fuel duty in his pre-budget statement, due next week.
"Any increase in fuel duty impacts immediately on all businesses and the effect can stifle investment and lead to a loss of demand," says RMI chief executive Matthew Carrington in a letter to Brown. "The current fuel duty levels are a considerable burden on both business and the consumer.
"The most recent rise in tax on LPG led directly to a drop in residual values of LPG vehicles. Such action is a direct disincentive to potential customers. It is notable that fleet buyers do not choose LPG vehicles because of the uncertainty of residual values of the vehicles," Carrington told Brown.
Login to comment
Comments
No comments have been made yet.