RISHI Sunak has been warned a Budget hike in fuel tax will hit vital pandemic home deliveries.
A rise of 3p a litre would raise £1billion for the Treasury — but also cost van drivers a punishing extra £250 a year to fill up.
? Read our coronavirus live blog for the latest news & updates…
Rishi Sunak has been warned that a fuel duty hike will hit the pandemic recoveryCredit: PA:Press Association
Campaigners claim it would be the “ultimate betrayal” for delivery workers who have kept supplies flowing in lockdown.
It would also lead to price increases for online sales — with nine in ten households now dependent on home deliveries.
Howard Cox, of FairFuelUK, said: “The impact on home deliveries of a fuel duty rise will be devastating and slow our post-pandemic economic recovery.”
Mr Sunak is also considering a rise in corporation tax.
But John Longworth, of the Independent Business Network warned: “At a time when the country is facing its greatest economic crisis in living memory, the Government should be looking to cut corporation tax rather than raising it.”
Housing tax fears
THE Chancellor will deal a “sledgehammer blow” to the housing market if he ends the stamp duty holiday, a think-tank warns.
Experts reckon it would result in 20,000 fewer homes being built this year — killing off jobs and stalling the recovery.
House sales soared after a cut in the stamp duty rate to zero for all homes under £500,000 last July.
Rishi Sunak plans to reinstate the tax at the end of March but the Centre for Policy Studies is against the move.
GOT a story? RING The Sun on 0207 782 4104 or WHATSAPP on 07423720250 or EMAIL [email protected]