Budget statement on scrapping fuel plans

There was a planned fuel rise to hit by the 1st September 2013 of around 1.89 pence per litre of fuel these plans outraged the public when they were announced a while back. Yesterday the chancellor announced that he was going to cancel the fuel duty plans, this is the longest fuel duty freeze for over 20 years which is of course a great statistic for the party. The fuel duty freeze has been going on for almost three and a half years which is longer than most expected.

The scrapping of the fuel budget is a popular one with many businesses that are involved with the use of vehicle fleets as of course it would be with the massive savings they would have on fuel; this according to some is a way of keeping Britain’s economy moving, however managaing the costs for those with mass vehicle fleets is still going to be a mammoth task with fuel prices still at a massive high. Despite the negatives and positives the government are estimating a save of around £21.5 billion between 2015 and 2016 for motorists, which is a significant figure. Scrapping the plans now means that the price will be an estimated 13 pence lower than if the government’s plans had gone ahead, this makes them look like the good guys however that’s up to you to make your choice, this plans were originally proposed by the same government.

The government have set their sights on improving the availability of fuel price information to motorway users by working with motorway users and other relevant bodies. Giving the public more of an insight into fuel pricing figures. The government are also planning to introduce two new car tax bands for companies if they have ultra-low emission vehicles, rewarded for doing there bit for nature so to speak.