Fuel costs are stalling business growth
Figures released at the end of last week revealed that the price of petrol is rising at the highest rate for ten years. Average prices between mid-December and the middle of this month increased from 122.14p per litre to 128.27p with diesel jumping from 126.19p to an average of 132.75p.
Fuel duty rise and the new VAT rate are partly to blame for the hike – they around 2.5p per litre at the pump.
If the economic recovery is to be placed firmly in the hands of the private sector, then this situation has to be addressed – and quickly.
Read full article: http://realbusiness.co.uk/charlie_mullins/fuel_costs_are_stalling_business_growth
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