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UK logistics sector welcomes fuel duty freeze and warehouse rates relief in Budget
UK transport and logistics groups welcomed the retention of a 5p-per-litre fuel duty cut and the avoidance of planned increases, while warning that cost pressures remain.
The budget retained the 5p-per-litre fuel duty cut and dropped a planned 3p-per-litre increase, according to the report. It also ensured that warehouse rates would not rise.
Industry representatives welcomed the moves, but warned that transport and logistics businesses still face significant cost pressures.
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