Home >FTA looking for bio-fuel boost in Budget
FTA looking for bio-fuel boost in Budget
24 February 2014
In its pre-Budget submission the Freight Transport Association (FTA) has urged the Chancellor to re-instate the duty differential for used cooking oil as a bio-fuel in commercial vehicles.
Several freight and logistic businesses have already invested heavily in processing and re-fuelling infrastructure to support collection of used cooking oil from restaurants and other business premises and its conversion to a low-carbon fuel to help meet the UK’s greenhouse gas reduction targets.
James Hookham, FTA Managing Director of Policy and Communications said: "With the renewed focus on changes in the climate and the need to reduced greenhouse gas emissions, FTA calls on the Chancellor to recognise the small but measurable contribution that the recycling of used cooking oil can make by converting it into bio-diesel. Reinstating a lower duty rate will make this process financially, as well as environmentally sustainable.”
Cut fuel duty by 3p per litre
Hookham also called on George Osborne to go further than freezing fuel duty and to cut it by 3 pence per litre.
He said: "The issue of high fuel prices has not gone away, and there are still constraints on growth and economic expansion. The Chancellor would give a real boost to balancing the economy by reducing fuel duty be 3p per litre. FTA’s research shows he would get his money back through higher tax receipts as trade improved and jobs increased.”
"FTA’s research [a 3p per litre fuel duty cut] shows he would get his money back through higher tax receipts as trade improved and jobs increased.”