News / UK misses a trick – budget tax cuts would have boosted post-Brexit competitiveness

UK chancellor Philip Hammond (pictured) “missed an opportunity to stimulate economic growth”, announcing another year of fuel-duty freezes rather than “much needed” cuts in the Spring Budget.

Freight Transport Association deputy chief executive James Hookham told The Loadstar cuts in fuel duty would have improved the competitiveness of UK companies in the “post-Brexit” environment.

“It was an opportunity missed,” he said. “And given what he did with National Insurance [raising it for the self-employed], a cut would have softened that blow, as a ...