Opinion
Budget provides welcome clarification on oil and gas decommissioning
Derek Leith, EY’s global oil and gas tax leader comments on today’s Budget: “It would be an unusual Budget if the Chancellor didn’t find some space for an oil and...
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Opinion
Industry responds to CCC Sixth Carbon Budget
The Sixth Carbon Budget published from the Committee on Climate Change (CCC) outlines the requirement for a 78% reduction in UK territorial emissions between 1990 and 2035. Despite bringing forward...
News
Calls for clarity on recent Budget announcements
Relief Last week’s budget announcement brought relief to agriculture, rail, fish farming and non-commercial heating with all being exempt from the abolishment of the red diesel subsidy. Whilst this news...
Opinion
Logistics sector welcomes Spring Budget retention of fuel duty cut
In response to today’s (15 March 2023) Spring Budget, Logistics UK is delighted that – following multiple calls from the business group – the 5ppl fuel duty cut originally introduced...
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Opinion
Oil and gas industry welcomes Chancellors’ Budget
The UK oil and gas industry has welcomed some of the measures announced by the Chancellor in today’s Budget, adding that now close cooperation with the sector is essential to...
News
Budget priority – reduce fuel duty
As the Budget fast approaches, the Freight Transport Association (FTA) continues to press the case for a reduction in road fuel duty to ease the pressure on freight operators. In...
News
Boiler scrappage in next month’s Budget?
Four key organisations are calling for the Budget to include a key measure to help consumers cut carbon emissions and reduce fuel bills. The four – OFTEC, the Federation of...
Opinion
Budget 2021: Hope for hydrogen hub
Green entrepreneur Jo Bamford said: “The PM has said the UK will be “putting a big bet on hydrogen” and the Budget’s green light for the Freeport East Hydrogen Hub...
Opinion
Logistics UK’s Alex Veitch responds to Budget
Measures included in the Budget provide a strong foundation for economic recovery, according to Logistics UK, one of the UK’s biggest business groups. But while there are many positive decisions – including a freeze in fuel duty and extension to the...
Opinion
Fuel duty freeze welcomed across sector
Following pressure from industry trade groups, the cancellation of a planned rise in fuel duty announced by the Chancellor Rishi Sunak in the recent budget was welcomed across the sector....
Further Reading
Opinion
Industry group claims energy support plans risk greener future for logistics
...government to use its upcoming Spring Budget to recognise the role the sector plays in driving every part of UK PLC. She stressed that government should consider the potential impact...
News
Industry welcomes Chancellor’s £20bn backing for carbon capture and storage
Budget 2023: Chancellor of the Exchequer, Jeremy Hunt, says it’s time for a ‘Clean Energy Reset’ as he announces £20bn investment into UK carbon capture and storage (CCS) and a...
Opinion
Logistics UK urges government to maintain fuel duty cut to protect economy
Ahead of the 2023 Spring Budget, Logistics UK has highlighted the dangers of a disproportionate rise in fuel duty submitting its recommendations to government. To protect the UK economy, the...
News
Lobbying for a better off-grid deal
In the run-up to last month’s Budget, the Federation of Petroleum Suppliers (FPS) had been lobbying the government on various fronts for the off-grid heating oil industry. Writing to Mr...
Interview
Oil clubs, drums, kero pumps and NIOF distributors
...numerous products are already offered to help consumers budget for annual fuel requirements. Putting money aside each week into a budget payment scheme such as PayPoint and Council stamp schemes,...
Opinion
North Sea oil industry in crisis?
...be none, everyone is retreating, people are being laid off at most companies this week and in the coming weeks. Budgets for 2015 are being cut by everyone.” These comments...
Opinion
Massive spring hike in fuel duty would add £5k pa to truck running costs
...Budgetary Responsibility (OBR) said that the tax hike, which would increase the price of petrol and diesel by around 12p per litre, could be introduced in late March 2023. Questioned...
Opinion
Time to ‘axe the tax’ on renewable liquid heating fuels
The chancellor could achieve a quick win amongst rural voters by scrapping the tax on renewable liquid heating fuels in his upcoming budget. That’s the message from industry bodies UKIFDA...