The fuel duty freeze of the last three years has made “little impact” on the wallets of cash strapped motorists, the RAC Foundation has said.
RAC Foundation director Professor Stephen Glaister called on the Chancellor to “go beyond his promise” to freeze fuel duty and “cut the rate further” in the 2014 budget, scheduled for March 19.
We’re only about two weeks away from the Budget and the Chancellor has made much of the fact that fuel duty has not risen for three years.
However this has made little impact on the huge proportion of tax the UK’s 36 million drivers pay on their fuel.
The irony is that if you take tax out of the equation we actually have the fifth cheapest diesel in the EU and the second cheapest petrol.
The oil companies and retailers are often blamed for soaring pump prices but these figures reveal that’s not the whole picture.