SEP 00] FUEL PROTESTS
Fuel Costs Are Damaging Businesses - Chamber
leaders in Coventry and Warwickshire have backed a national
campaign to reduce the cost of fuel duty, saying the current
costs will end up hurting trade.
Chambers of Commerce (BCC) is demanding the UK Government
enforces a temporary drop in fuel duty to stabilise fuel prices.
It wants a
sliding scale of fuel duty brought in to balance the effect of
constantly changing prices. This would mean that as oil prices
rise, duty should fall.
chamber membership director for The Coventry and Warwickshire
Chamber of Commerce, Training and Enterprise, said:
throughout Coventry and Warwickshire are suffering along with
consumers from the highest fuel process in Europe, and
something must be done to buck the trend of escalating prices
and lack of value for money.
current fuel price is without doubt damaging the
competitiveness of British business as companies are having to
continually find further funds to pay for the increasing cost
forcing other areas of the business to be neglected and is
therefore dangerous to the economic health of companies,
especially ones who rely on motorway transportation to deliver
goods or act as haulage agents.
fuel duty would not involve a shortfall in government revenue,
instead it would provide relief to industry and help to dampen
the prospect of inflationary pressure, and keep interest rates
Reacting to the
fuel protests which are gathering pace across Europe, OPEC
announced that oil production would rise by three per cent or
800,000 barrels a day, which could cut costs. But some fear this
is too little to have any real effect.
[11 SEP 00] FUEL
BLOCKADES SPREAD TO WARWICKSHIRE