A continuing fuel duty freeze has been announced by the UK Government in today’s Autumn Budget speech.
Chancellor of the Exchequer Rachel Reeves said that this would include the maintaining of the freeze on fuel duty which has been in place since 2011, and also the continuation of the 5p cut which was introduced in March 2022, for 2025-26.
Reacting to the announcement, Logistics UK chief executive David Wells said: “The Chancellor’s decision to freeze fuel duty for a further year is welcome news for the logistics sector.
“Nothing moves without logistics: the sector supplies our hospitals, schools, factories, shops and homes with everything they need, everywhere, every day. The sector is vital to any plans to stimulate growth across the economy, and this respite is welcome news for a sector already seeing increasing business failures over the last year.
“The sector operates on very narrow margins – often only 2.5% – with fuel representing a large proportion of the weekly operating cost for hauliers.”
