“We are delighted that FFUK’s lobbying efforts have resulted in this important meeting,” said RHA chief executive Geoff Dunning. “We have been firm supporters of the campaign since its inception nearly two years ago. In that time, through a series of fuel duty freezes and even a fuel duty reduction, FFUK has saved British road users nearly £5.5bn.”
The meeting will focus on the findings of a study funded by the RHA on behalf of FFUK, carried out by the National Institute of Economic and Social Research.
According to FFUK founder Peter Carroll, the research provides the strongest case yet for why a cut in fuel duty can help stimulate the economy.
“I’m delighted that the Treasury has issued this invitation and it is engaging with us on this very important subject. This is the first step in sharing information and trying to build a joint understanding with the Treasury,” added Carroll.
The RHA hopes the research will persuade the Treasury to scrap the 3ppl duty rise planned for January and, in the long term, “form the basis of a cost effective system of fuel taxation that will benefit both the Treasury and the road user alike”.