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Rishi, please wake up and recognise that more money in peoples’ and businesses’ pockets will rocket UK Plc, and most certainly not by punishing the world’s already highest taxed drivers with an inane duty hike in your March 3 Budget.
The Treasury has previously predicted each driver may have saved up to £1,200 each as part of the decade long duty freeze.
However, the scheme may have cost the Treasury over £100billion in extra revenue generated from millions of drivers.
More drivers switching to electric cars has seen traditional fuel duty and Vehicle Excise Duty (VED) revenues fall by around £40billion.
Car tax changes: UK urged to copy Romania s fuel tax system to boost jobs and business Luke Chillingsworth
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FairFuelUK has pointed at other EU nations such as Romania as an example to follow on future taxation rates. Founder Howard Cox said copying Romania s tax system would have benefitted GDP, jobs inflation and business investment .
The comments come after new data from the group has revealed UK drivers are the highest taxed in Europe with fuel duty making up 65.3 percent of total charges.
In comparison, drivers in Romania are charged an average of just 51.1 percent tax on their petrol and diesel costs.
| UPDATED: 22:08, Thu, Dec 31, 2020
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A new survey from FairFuel UK has found 56 percent of over 26,000 drivers disagree with the new scheme and do not advocate for a sales ban. A total of 37 percent of drivers say they would like to see a ban implemented at some point between now and 2050.