Logistics Manager
  • Logistics
    • A-E
      • 3rd Party Logistics
      • Air Cargo
      • Coronavirus
      • Express & e-delivery
      • Editor’s Blog
    • F-M
      • Health & Safety
      • International logistics
      • Latest issue
      • Logistics & Supply Chain
    • O-Z
      • Ocean Freight
      • Policy and legislation
      • Professional development
      • Rail freight
      • Road transport
      • Sustainability
      • Temperature-controlled
  • Intralogistics
    • Automation
    • Commercial Vehicles
    • Equipment
    • Infrastructure & Services
    • IT & Software
    • Materials handling
    • Packaging
    • Picking and sortation
    • Robotics and innovation
    • Storage
  • Supply Chain
    • A-L
      • Automotive
      • Construction
      • Energy
      • Fashion
      • Food & drink
      • Forecasting
      • Healthcare and Pharma
      • Hi-tech
    • M-Z
      • Manufacturing
      • Military
      • Omni-channel
      • Public Sector
      • Retail
      • SME
      • Sourcing and procurement
      • Supply Chain Analysis
      • Supply Chain Awards
      • Supply Chain Strategy
      • Supply Chain Technology
      • Supply Chain Visibility
      • Technology
  • Property
    • A-M
      • Big Sheds
      • Design & Build
      • East Midlands and East Anglia
      • M25 East
      • M25 West
      • Mid-box
    • M-Z
      • North East & Yorkshire
      • North West
      • Scotland
      • South-West & Wales
      • Speculative Development
      • Urban Warehouses
      • West Midlands
  • Corporate Insight
  • Digital Magazines
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
  • Events
    • Sustainable Supply Chain Conference
    • ESG Industrial & Logistics Conference
    • Supply Chain Excellence Awards
    • CiTTi Awards
    • IntraLogisteX
    • Robotics & Automation
  • Webinars
LinkedIn Twitter
  • Subscribe
  • Free weekly e-newsletter
  • Free daily e-newsletter
  • Advertise
  • Contact Us
LinkedIn Twitter
Logistics Manager
SUBSCRIBE >
  • Logistics
      • 3rd Party Logistics
      • Air Cargo
      • Coronavirus
      • Express & e-delivery
      • Editor’s Blog
      • Health & Safety
      • International logistics
      • Latest issue
      • Logistics & Supply Chain
      • Ocean Freight
      • Policy and legislation
      • Professional development
      • Rail freight
      • Road transport
      • Sustainability
      • Temperature-controlled
  • Intralogistics
      • Automation
      • Commercial Vehicles
      • Equipment
      • Infrastructure & Services
      • IT & Software
      • Materials handling
      • Packaging
      • Picking and sortation
      • Robotics and innovation
      • Storage
  • Supply Chain
      • Automotive
      • Construction
      • Energy
      • Fashion
      • Food & drink
      • Forecasting
      • Healthcare and Pharma
      • Hi-tech
      • Manufacturing
      • Military
      • Omni-channel
      • Public Sector
      • Retail
      • SME
      • Sourcing and procurement
      • Supply Chain Analysis
      • Supply Chain Awards
      • Supply Chain Strategy
      • Supply Chain Technology
      • Supply Chain Visibility
      • Technology
  • Property
      • Big Sheds
      • Design & Build
      • East Midlands and East Anglia
      • M25 East
      • M25 West
      • Mid-box
      • North East & Yorkshire
      • North West
      • Scotland
      • South-West & Wales
      • Speculative Development
      • Urban Warehouses
      • West Midlands
  • Corporate Insight
  • Events
    • Events News
      • Conferences
      • Exhibitions
      • Top 50
    • Sustainable Supply Chain Conference
    • Industrial & Logistics Property Conference
    • Supply Chain Excellence Awards
    • CiTTi Awards
    • IntraLogisteX
    • Robotics & Automation
  • Digital Magazines
    1. November 2023
    2. October 2023
    3. September 2023
    4. August 2023
    5. July 2023
    6. June 2023
    7. May 2023
    Featured

    Logistics Manager Magazine November 2023

    6th November 2023By Michelle Mooney
    Recent
    6th November 2023

    Logistics Manager Magazine November 2023

    2nd October 2023

    Logistics Manager Magazine October 2023

    4th September 2023

    Logistics Manager Magazine September 2023

  • Webinars
LinkedIn Twitter
Logistics Manager
Opinion

Told you so

Malory DaviesBy Malory Davies1st May 20142 Mins Read
LinkedIn Twitter Email Facebook

The Treasury has just published its analysis of the impact of reductions in fuel duty. Few logisticians will be surprised to learn that it concludes that this results in an increase in Gross Domestic Product.

The report “Analysis of the dynamic effects of fuel duty reductions” says that over the course of this parliament fuel duty will have fallen by 13 per cent when it was originally planned to rise by seven per cent. In total, fuel duty will be some 20 per cent lower than planned back in 2010.

The Treasury’s model suggests a long term increase in GDP of 0.3 to 0.5 per cent as a result of this – and that could be as much as £7.5 billion. While that’s good news for the economy, the government’s fear has always been that it reduces the tax take that has to be filled from somewhere else.

However, the modelling shows increased profits, wages and consumption all add to higher tax revenues. As a result, the cost of the policy falls by between 37 and 56 per cent in the long-term – nothing like as bad as the Treasury might have feared.

Not surprisingly, industry organisations such as the Freight Transport Association are cock-a-hoop that the government appears to have accepted the argument that they have been making for some time now on fuel taxes

FTA chief Theo de Pencier said: “From the conclusions in this report today, it does appear as though the Chancellor has caught up with our findings, and there is now every chance for him to go further and boost growth by cutting 3 pence per litre from current rates.”

So, a “told you so” might be justified. But winning a battle on fuel duty does not mean the war is won. The price of oil remains volatile, and although pump prices have been lower over the past few months, political unrest in the Ukraine could still push prices higher. The FTA has called for a 3p cut in fuel duty which it reckons could save the transport industry some £350m a year. The arguments for that continue to mount.

Malory Davies FCILT,
Editor

Share. LinkedIn Twitter Facebook Email
Malory Davies

Related Stories

Deadline extended for the Supply Chain Excellence Awards!

27th July 2023

Editor’s Blog: The automated industrial revolution is here… so what do we do about it?

15th December 2020

Editor’s Blog: Last-minute Brexit talks mean question after question for supply chain and logistics

8th December 2020
Latest News Stories
28th November 2023

The Top 50 Logistics Service Providers 2023

28th November 2023

Unlocking millions through collaboration with small to mid-box developers

28th November 2023

Grand Union set to let in Q1

Free weekly e-newsletters

Discover what’s causing a stir in the world of logistics and supply chains


Key Content
  • Digital Magazines
  • Logistics
  • Intralogistics
  • Supply Chain
  • Property
  • Corporate Insight
  • Events News
  • Opinion
Akabo Media
  • About Us
  • Advertising
  • Contact Us
  • Subscribe
  • Free Daily E-Newsletter
  • Free Weekly Top Stories E-Newsletters
  • Free Weekly Supply Chain E-Newsletter
  • Free Weekly Property E-Newsletter
  • Sign up to be notified when we publish a new digital edition
Our Events
  • Sustainable Supply Chain Conference
  • ESG Industrial & Logistics Conference
  • Supply Chain Excellence Awards
  • CiTTi Awards
  • Robotics and Automation Exhibition
  • IntraLogisteX
© 2023 Akabo Media Ltd Registered No 07766641 England | All rights reserved.
Registered Office: Akabo Media, GG.007, Metal Box Factory, 30 Great Guildford St, SE1 0HS
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Type above and press Enter to search. Press Esc to cancel.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits.
By clicking “ACCEPT ALL”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie settingsRejectACCEPT ALL
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
CookieDurationDescription
__cf_bm30 minutesCloudflare set the cookie to support Cloudflare Bot Management.
_zm_chtaid2 hoursZoom sets this cookie to facilitate video conferences via zoom from the website.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga1 year 1 month 4 daysGoogle Analytics sets this cookie to calculate visitor, session and campaign data and track site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognise unique visitors.
_ga_*1 year 1 month 4 daysGoogle Analytics sets this cookie to store and count page views.
_gat_gtag_UA_*1 minuteGoogle Analytics sets this cookie to store a unique user ID.
_gid1 dayGoogle Analytics sets this cookie to store information on how visitors use a website while also creating an analytics report of the website's performance. Some of the collected data includes the number of visitors, their source, and the pages they visit anonymously.
CONSENT2 yearsYouTube sets this cookie via embedded YouTube videos and registers anonymous statistical data.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
OAID1 yearCookie set to record whether the user has opted out of the collection of information by the AdsWizz Service Cookies.
VISITOR_INFO1_LIVE5 months 27 daysYouTube sets this cookie to measure bandwidth, determining whether the user gets the new or old player interface.
YSCsessionYoutube sets this cookie to track the views of embedded videos on Youtube pages.
yt-remote-connected-devicesneverYouTube sets this cookie to store the user's video preferences using embedded YouTube videos.
yt-remote-device-idneverYouTube sets this cookie to store the user's video preferences using embedded YouTube videos.
yt.innertube::nextIdneverYouTube sets this cookie to register a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requestsneverYouTube sets this cookie to register a unique ID to store data on what videos from YouTube the user has seen.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
TS018dd1basessionDescription is currently not available.
TS01f92dc5sessionDescription is currently not available.
SAVE & ACCEPT
Powered by CookieYes Logo