UKIFDA Budget 2020 Comment

11th March 2020

Following today’s Budget from Chancellor Rishi Sunak, the trade association for the liquid fuels distribution industry UK and Ireland Fuel Distributors Association (UKIFDA), fully supports the Government’s Clean Growth ambitions and welcomes the freeze on fuel duty on petrol and diesel and especially on red diesel for the farming community.

Guy Pulham UKIFDA CEO says: “We are disappointed though that the red diesel fuel duty relief freeze was not extended to the construction industry especially as a large amount of infrastructure projects were announced in today’s budget.

“As we explained to the Chancellor ahead of the budget, any increase will have a major impact on the construction industry. Although the increase won’t come into effect for two years many of the large infrastructure projects will still be ongoing in two years.

“We will continue to lobby the Government on this as losing the red diesel rebate could cost the UK construction industry several millions a year.

“Achieving net zero is vitally important and an ambition UKIFDA wholeheartedly supports – we believe that liquid fuel, and biofuel in particular, can be part of the solution which is why we urged the Chancellor to bring in investment measures for the UK biofuels industry in the budget. Industry analysis shows that sustainable, low carbon liquid fuels could be produced in sufficient volume in the UK, and with the added benefit of creating investment and green job opportunities.

“We will continue to support the Government’s strategy to decarbonise and UKIFDA and its members will continue to adopt carbon cutting measures and invest in the future of technologies and alternative low carbon/bio fuels but we need Government to support a liquid biofuel future not just increase taxes and force people to make inefficient technology switches.

“We will be examining the detail behind the budget to look at investment and support announced in R&D and the £1bn investment in green transport solutions and hope that liquid biofuels will benefit from the support announced today.

“The Chancellor also announced £100 million of exchequer funding in total for 2022/23 and 2023/24 for grant-funding for households and small non-domestic buildings to replace fossil fuel heating. UKIFDA will be lobbying the Government to ensure that biofuels are included in this as a solution for households.”

Rural Homeowners Across the Republic of Ireland Urged to ‘Get Winter Ready’

11th March 2020

Read More