Tag Archives: budget

Fuel duty freeze welcomed across sector

After pressure from industry trade groups, the freeze in fuel duty announced by the Chancellor Rishi Sunak in the recent budget was welcomed across the 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. Despite plans for an increase the budget saw the announcement Read more »


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 furloughing scheme – we need to see greater investment in Read more »


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 is a major step towards delivering on these words. The Read more »


Don’t let Covid derail decarbonisation

Responding to the 2021 Budget, OFTEC chief executive Paul Rose said: “The Chancellor didn’t hold back in outlining the financial toll the Covid-19 pandemic has taken on the UK economy, so it’s perhaps not surprising there were very few new Read more »


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 gas measure: oil and gas has only been absent from Read more »