Thursday, May 30, 2024

Local firms concerns over VAT

LIFE for haulage firms and other tranport-reliant industries has become very hard after suffering what they have described as a “double whammy” for businesses in Thurrock.

Earlier this month, the government raised the cost of VAT from 17.5 per cent to 20 per cent and fuel duty was added to pump prices on New Year’s Day, sending prices soaring by an average of 3.55p for a litre of unleaded petrol and 3.64p for diesel.

YourThurrock spoke to Rob Norden, group company secretary for the Canute Haulage Group, in Purfleet who explained how difficult things have been for firms.

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