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Dery tax looks good

19th February 1983
Page 5
Page 5, 19th February 1983 — Dery tax looks good
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Which of the following most accurately describes the problem?

IT APPEARS that the Department of Transport is backing the transport industry in its call for a cut on dery in the Budget.

Ministers are apparently sympathetic to the argument that there needs to be a gap between the price of dery and the price of petrol. The theoretical 12p gallon difference has been wiped out by the petrol pump war over the past year, which has seen more than 50 separate increases in the price of petrol and yet the pump price has hardly risen.

The problem is likely to be made worse by the probability of a cut in the price of oil of around 10 per cent.

It is accepted that any cut the Chancellor could make would help hauliers more than almost anything else the Government could do.

Not only-have the major trade associations pressed for a dery concession, but the Freight Transport Association has persuaded the .Confederation of British Industry to include it in its influential Budget submission.


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