Thursday 04 Feb 2021 @ 10:35
Think Tanks
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A hike on fuel duty would be “deeply unfair” and damage our economic recovery says IEA expert

Dr Richard Wellings, Head of Transport at the free market think tank the Institute of Economic Affairs commented on reports of a potential fuel duty hike 

“Fuel duty is a tax on business, trade and jobs, so raising it will damage the UK economy at a time when a strong recovery is desperately needed. 

“It is also deeply unfair, with road transport already very heavily taxed compared with other sectors. 

“While action is needed to tackle ballooning government debt, ministers should focus on cutting wasteful spending rather than hiking harmful taxes.”

Notes to Editors

For media enquiries please contact Emily Carver, Head of Media, 07715942731

IEA spokespeople are available for further comment.

Read IEA report ‘Time to Excise Fuel Duty?’, click here.

Original article link: https://iea.org.uk/media/a-hike-on-fuel-duty-would-be-deeply-unfair-and-damage-our-economic-recovery-says-iea-expert/

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