"More than a third of sole traders surveyed, including tradespeople such as plumbers, electricians and bricklayers, say current pump prices could push their businesses towards collapse unless action is taken to ease the burden."
"Campaigners argue that without intervention, higher fuel costs risk reducing profitability, limiting business activity and ultimately leading to job losses across key parts of the economy."
"Howard Cox, founder of FairFuelUK, has urged the government to maintain the current freeze on fuel duty for the duration of the Parliament and to consider further reductions to ease immediate pressure."
Fuel prices have surged due to a global energy shock, causing significant concern for small businesses and motorists. A survey by FairFuelUK indicates that over a third of sole traders fear that high pump prices could jeopardize their businesses. Rising diesel costs are particularly impacting sectors reliant on road transport, squeezing profit margins. Campaigners advocate for government action, including cuts to fuel duty and oversight of pump pricing, to alleviate the financial strain on these groups. The situation is exacerbated by recent increases in oil costs.
Read at Business Matters
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