The 1st January 2012 will see UK fuel duty rise by 3.02ppl to 60.97ppl, in August it will rise again by the RPI rate in place at next year’s Budget. The current Budget document forecast is that RPI will be 3.6%, therefore adding another 2.19ppl and a total duty figure of 63.16ppl. However, with RPI currently at 5.2% this could mean the August rise could be 3.17ppl up to 64.14ppl.
Unfortunately, it is anticipated that the trend of operating costs increasing, will continue for the foreseeable future.
Paul Davies, Director of Portland Legal Debt Collection said
"As a result of the enormous financial pressures being exerted on distributors & couriers, it is now more important than ever to improve cash flow and reduce debtor days."
For more information on how Portland can help you business contact Paul Davies on 01489 550 480.