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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/fuel-duty-rise-to-hit-small-firms.jpg"><img class="alignnone size-full" title="Future fuel price increases should be scrapped until a stabiliser tax mechanism is put in place, says business group" src="http://londonglossy.com/wp-content/uploads/2011/01/min-fuel-duty-rise-to-hit-small-firms.jpg" alt="Future fuel price increases should be scrapped until a stabiliser tax mechanism is put in place, says business group"/></a></p>
<p>Firms will have to lay off staff, freeze wages and cut investment if fuel duty prices continue to increase, a leading business group has warned.</p>
<p>The Federation of Small Businesses (FSB) said a snap poll of 400 of its members showed that most expected to pay an extra £2,000 in the coming six months through rising fuel costs.</p>
<p>One in four feared they will have to freeze wages and one in 10 said they will start laying off staff if the cost of fuel continues to increase.</p>
<p>The FSB said any future fuel price increases should be scrapped until a &#8220;stabiliser&#8221; was put in place to freeze or reduce duty to match increases in VAT revenues from higher pump costs.</p>
<p>John Walker, chairman of the Federation of Small Businesses, said: &#8220;These figures show that the rise in fuel duty is really having a negative effect on small businesses that actually want to grow, innovate and take on new staff.</p>
<p>&#8220;The Government has said it is looking to the private sector to put the economy on a firm footing, but the hike in fuel duty is doing the opposite and hampering small business growth.</p>
<p>&#8220;With future fuel duty rises looking likely, small firms are just going to be left trying to survive.</p>
<p>&#8220;The Government promised in opposition that it would put a fuel duty stabiliser in place, and it is clear that without such a measure, the country&#8217;s five million small businesses will be put on a knife-edge.</p>
<p>&#8220;It is vital the Government goes back to its pledge and puts this stabiliser in place.&#8221;</p>
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