Fuel duty rise to 'hit small firms'

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p><a href&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2011&sol;01&sol;fuel-duty-rise-to-hit-small-firms&period;jpg"><img class&equals;"alignnone size-full" title&equals;"Future fuel price increases should be scrapped until a stabiliser tax mechanism is put in place&comma; says business group" src&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2011&sol;01&sol;min-fuel-duty-rise-to-hit-small-firms&period;jpg" alt&equals;"Future fuel price increases should be scrapped until a stabiliser tax mechanism is put in place&comma; says business group"&sol;><&sol;a><&sol;p>&NewLine;<p>Firms will have to lay off staff&comma; freeze wages and cut investment if fuel duty prices continue to increase&comma; a leading business group has warned&period;<&sol;p>&NewLine;<p>The Federation of Small Businesses &lpar;FSB&rpar; said a snap poll of 400 of its members showed that most expected to pay an extra £2&comma;000 in the coming six months through rising fuel costs&period;<&sol;p>&NewLine;<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&period;<&sol;p>&NewLine;<p>The FSB said any future fuel price increases should be scrapped until a &&num;8220&semi;stabiliser&&num;8221&semi; was put in place to freeze or reduce duty to match increases in VAT revenues from higher pump costs&period;<&sol;p>&NewLine;<p>John Walker&comma; chairman of the Federation of Small Businesses&comma; said&colon; &&num;8220&semi;These figures show that the rise in fuel duty is really having a negative effect on small businesses that actually want to grow&comma; innovate and take on new staff&period;<&sol;p>&NewLine;<p>&&num;8220&semi;The Government has said it is looking to the private sector to put the economy on a firm footing&comma; but the hike in fuel duty is doing the opposite and hampering small business growth&period;<&sol;p>&NewLine;<p>&&num;8220&semi;With future fuel duty rises looking likely&comma; small firms are just going to be left trying to survive&period;<&sol;p>&NewLine;<p>&&num;8220&semi;The Government promised in opposition that it would put a fuel duty stabiliser in place&comma; and it is clear that without such a measure&comma; the country&&num;8217&semi;s five million small businesses will be put on a knife-edge&period;<&sol;p>&NewLine;<p>&&num;8220&semi;It is vital the Government goes back to its pledge and puts this stabiliser in place&period;&&num;8221&semi;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ee630ed6491">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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