Royston Smith – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Royston Smith on 2016-03-24.

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 21 March 2016 to Question 30272, what account he has made of the effect on economic growth of the recent reduction in fuel duty.

Damian Hinds

The Government took into account a wide number of factors when considering the impact of freezing fuel duty at Budget 2016, including the impact on growth. HMRC/HM Treasury analysis published in 2014 can be found here: https://www.gov.uk/government/publications/analysis-of-the-dynamic-effects-of-fuel-duty-reductions

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