Fuel duty cuts will help economy

Figures showing the UK has the highest fuel tax in Europe have led to calls on the Government to cut duty.

The FairFuelUK campaign, which is supported by numerous motoring groups, met with Treasury minister Chloe Smith to discuss the findings.

In the UK, tax and duties make up three-fifths of petrol prices and almost as much (58%) for diesel, figures from Philip Davies MP show.

These percentages are much higher than our European counterparts, with Cyprus having the lowest figure added to petrol costs (43%) and Luxembourg the lowest for diesel (38%).

Peter Carroll, founder of FairFuelUK, said: "These figures are another sign that we are going the wrong way with fuel duty."

Mr Carroll said that the group wanted the Chancellor to change policy as it believes the high fuel duty is killing the economy.

Quentin Willson, motoring journalist and FairFuelUK spokesman, said cutting duty will stimulate the economy and get people spending again."

If we get this awful spectre of having to spend £120, £130, £140 to fill up the family car, that is really, really going to disable people and disable the economy" he added when speaking to BBC Breakfast.

Copyright Press Association 2012