Derbyshire and Nottinghamshire Chamber of Commerce has welcomed The Government's decision that they will scrap the 3p increase in Fuel Duty that was planned for August.
John Dowson, Head of Policy and Representation at the Chamber said that businesses, and their employees, have felt the pinch of rising petrol for too long.
He said The Chancellor's decision to scrap the planned 3p-a-litre rise would provide some "welcome respite" to businesses and motorists.
– John Dowson, Head of Policy and Representation, Derbyshire and Nottinghamshire Chamber of Commerce
“Any increase in the price of petrol has a huge impact on the economy, not just on businesses but on consumers too, because rising fuel prices reduce their overall spending power and also push up the cost of transporting food, goods and other products – more often than not, these costs are then passed on to the customer."
Today Tory MPs said that motorists "across the country" would welcome the decision, whilst the AA felt that it was especially important this kind of decision was made ahead of the Olympics.
– Edmund King, AA president
"This is great news for all motorists as drivers will breathe an enormous sigh of relief with summer holidays about to take off.
"A duty increase at the same time as the Olympics would have cast a shadow over the UK."