While some trade groups lauded the decisions as beneficial for their sectors, others expressed disappointment over missed opportunities.
Kevin Green, Logistics UK's Director of Policy, welcomed the extension of the 5p per litre fuel duty cut, stating: "The extension... is good news for the logistics sector... Maintaining the fuel duty cut will provide logistics businesses with more certainty as they drive the transition to a greener economy."
Similarly, the Road Haulage Association (RHA) expressed its satisfaction with the freeze on fuel duty and the continuation of the 5p-cut for another year.
RHA was also positive about an increase in the VAT registration threshold from £85,000 to £90,000 and the extension of the Growth Guarantee Scheme until March 2026 as measures to support small and medium-sized businesses.
However, they voiced disappointment over the lack of direct short-term support for operators, particularly in light of a record number of hauliers going bust, an ongoing trend.
The business group were hoping for a temporary suspension of the HGV Levy and VED on HGVs as well as incentives for the take up of alternative fuels which can drastically reduce tailpipe emissions.
In a press statement RHA said the Chancellor has made some welcome announcements, “but more must be done to support the struggling road transport industry that is so critical to the UK supply chain and economic growth.”
Andy Bagnall, Chief Executive of Rail Partners, which represents rail freight operators, voiced concerns over rising costs for rail freight businesses. He stated: "Britain has a legally binding target to meet net zero by 2050, and the budget today does nothing to encourage people and companies to make more sustainable transport choices and choose rail over road."
Bagnall emphasised the need for a more holistic approach from the government to ensure the competitiveness of rail freight against road haulage.