The Federation of Small Businesses is urging the Treasury to reduce the burden on hard-pressed motorists through a ‘fuel duty stabiliser’.
The basic concept of the ‘fuel duty stabiliser’ is that when oil prices increase, the stabiliser will allow Government to reduce duty to a lower limit, and when oil prices fall, the Government will be able to raise duty levels to a higher limit.
The ideal situation is where Government sets low duty during high oil cost periods, but increases duty during low oil cost periods. This would keep Treasury revenues stable and allow small businesses to plan for fuel budgets.
To ensure that the Treasury hears from small business owners and people who will suffer from the rise in VAT please email your MP asking him or her to write to the Chancellor urging him to keep the promise of introducing a stabiliser. Don’t forget to encourage your MP to sign Early Day Motion 1252 (Fuel Duty Stabiliser).
Below is wording that you are welcome to use when contacting your MP.
Dear MP
Re: Fuel Duty Stabiliser & EDM 1252 (Fuel Duty Stabiliser)
I am extremely concerned about increases in fuel duty, which have hit the small business sector the hardest.
Already the UK has the second highest diesel price in the EU and with VAT now standing at 20 percent, fuel duty is at a record high.
Whilst in opposition, the Conservative party pledged to put in place a fuel duty stabiliser to ensure an automatic freeze on fuel duty increases and a reduction in duty to match any increases in VAT revenues from higher pump prices. This was very much welcomed by the Federation of Small Businesses, of which I am a member.
However, I am now severely disappointed that the Government has not delivered on the promises made prior to the election.
The International Energy Agency has reported that the stability of the global economy is under threat due to oil prices entering a ‘dangerous zone’ and found that the increase in fuel duty will cost OECD countries 0.5% of their combined GDP.
I would urge you as my MP to sign EDM 1252 and to put pressure on the Chancellor and the Prime Minister to introduce the fuel duty stabiliser as a priority.
Yours sincerely
MP’S STANDARD E-MAIL ADDRESS
FOR MP’S WHO WERE ELECTED IN 2010 this is
firstname.surname.mp@parliament.uk
e.g. joe.blogs.mp@parliament.uk
FOR MPS WHO WERE ELECTED PRIOR TO 2010 this is usually
surnamefirstinitial@parliament.uk
blogsj@parliament.uk
However there are some exceptions so if you have time.
SEARCH FOR YOUR MP’S E-MAIL ADDRESS HERE:
http://www.parliament.uk/mps-lords-and-offices/mps/
