Budget 2017

The Chancellor, Rt Hon Philip Hammond MP, has delivered his first Autumn Budget since the change in timing from the Spring that was announced in March. He reiterated that his statement took a “balanced approach.”

Read an FTA briefing note on the changes (members only).

Headlines

  • Fuel duty for petrol and diesel frozen 
  • Truck vehicle excise duty frozen 
  • Call for evidence on updating the HGV Road User Levy launched

General

In preparation for the Budget announcement, FTA:

  • continued to work with the Treasury to increase its understanding of the competitive position of UK logistics
  • made a submission to the Treasury in advance of the Autumn Budget, covering issues such as fuel duty, air quality, infrastructure investment and skills. Read the BUDGET November 2017 submission 
  • held one-to-one meetings with MPs to brief them on the adverse effects of fuel duty increases
  • issued a briefing on HGV taxation, showing how HGV taxes alone pay for 94 per cent of the whole UK road maintenance budget. Read HGVs: Do they pay their way? Impacts on road surfaces by filling in our online form
  • took part in various FairFuelUK campaign events
  • issued press releases, including one this week focusing on growing insolvencies in the haulage industry

Need more information?

If you are an FTA member and have a query regarding this topic, or need more information, contact our Member Advice Centre

Member Advice Centre