Shipley Transport managing director David Clarke said the company, which moves food, drink and packaging, spent \u00a350,000 more on fuel in March than in February.<\/p>\n
“It’s a bit like Covid isn’t it? It’s an emergency. So I think they should be giving a rebate to farmers and truckers – the people who are using everything because that’s going to help inflation come down and at the minute all they’re doing is they’re stoking inflation up,” he said.<\/p>\n
The company has been operating since 1990 and employs 92 people as well as running 48 trucks and 85 trailers.<\/p>\n
Shipley Transport employs a fuel escalator, which passes on some of the increased fuel costs to customers.<\/p>\n
This week it is set to 24% but before the Iran war it was set at 8%.<\/p>\n
“So you can see the customers are having to pay like an extra 16% more across the board. And it’s been creeping up,” said Clarke.<\/p>\n
“I don’t think the government helps the situation because they’re raking it in with all the tax on the additional price.”<\/p>\n
He added that many hauliers were struggling with National Insurance contributions, the increased minimum wage, and the rising costs of lorry parts and tyres.<\/p>\n
He said: “If they gave hauliers some help, then the fuel escalator would come down.<\/p>\n
“And with that prices would come down, and with that inflation would come down, and with that interest rates would come down.”<\/p>\n
Speaking in the House of Commons, Chancellor Rachel Reeves said claims the Exchequer was receiving a VAT windfall were “economically illiterate”.<\/p>\n
She said: “The truth is that the IMF and every other forecaster is clear that tax revenues are going to be lower, not higher, because of this conflict in the Middle East.”<\/p>\n","protected":false},"excerpt":{"rendered":"Shipley Transport managing director David Clarke said the company, which moves food, drink and packaging, spent \u00a350,000 more…\n","protected":false},"author":2,"featured_media":546271,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-546270","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/546270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=546270"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/546270\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/546271"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=546270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=546270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=546270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}