Freeze fuel duty to help motor insurance policyholders, says HPI

Saturday, 02 April 2011

HPI has revealed that freezing the fuel duty and easing the financial strain on motor insurance policyholders is what British traders want from the Budget.

Research from the vehicle information specialist asked car dealers what they hoped to hear from the chancellor's proposals, with 82 per cent of the respondents wanting a fuel freeze.

Furthermore, this information echoes the Society of Motor Manufacturers and Traders' survey, which also discovered freezing fuel duty is a high priority.

Daniel Burgess, automotive director at HPI, said: "It's clear from our survey that dealers want the government to take steps to boost consumer confidence and make it easier for their business to grow.

"We support this and hope the chancellor will make positive moves to support the motor industry."

In January, when VAT rose to 20 per cent, HPI conducted a survey in which 29 per cent of dealers said that it had a negative effect on business.

Recently, motor insurance policyholders faced historic high prices on the forecourt with an average gallon of petrol costing £6 and a litre costing 132.1 pence. 

 Posted by Rick Malone

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