This report quite clearly shows the impact of cutting Fuel Duty by 3p. If instead of raising fuel duty the government were to introduce this cut in tax – in line with policies under action and discussion in France and the USA - the relative impact according to the NIESR is as follows:
- Net increase of 70,000 jobs
- UK Growth boosted by 0.2%
The Rt. Hon. Danny Alexander MP (pictured with Quentin Willson), in his letter to FairFuelUK, has constructively questioned some of the assumptions made in the NIESR study and has asked the FairFuelUK Campaign for further discussions with his Treasury Officials to investigate the report's conclusions further.
Thanks to your support and our backers vital sponsorship, we believe that this continuing Treasury dialogue is enormously encouraging on two fronts:
- It confirms the level of engagement that the campaign has at this senior level of Government.
- It confirms in writing the offer of a follow up dialogue and engagement at the heart of the Country's economic decision making
We repeat that this could not have happened without your support. We will continue to drive your message for lower petrol and diesel prices right to the centre of Government. Please invite your friends to sign up to support this aim at www.fairfueluk.com
Very kind regards,
The FairFuelUK Team