Guest 672- Registered: 3 Jun 2008
- Posts: 2,119
Some weeks ago after petrol prices started to get ridiculous an official inquiry was held by an official body and guess what?
The petrol started going down and We where told most of it goes to the tax man, the answer we already knew.
No big surprise there then.
The price was held at £134.9 on average for quite a while and everyone seemed happy.
The rubbish inquiry over and guess what.............petrol has started creeping up again.
Does this surprise any of you.? We must all be considered Thick.
grass grows by the inches but dies by the feet.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
...and some have still got their jam-jars and baths full to the brim...thanks to 'helpful' ministerial advice from the same government.
http://www.guardian.co.uk/money/2013/jan/30/oft-rules-out-petrol-prices-inquiry
On the other hand...an investigation that fails to find fault with any of the many levels in the industry, but does not fail to mention global factors and excise tax take, leaves it open for an otherwise poor government to reduce motor fuel duty...in the run-up to the next election.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 705- Registered: 23 Sep 2010
- Posts: 661
Why doesn't a government do something radical and brave by knocking 30% of the price of fuel- that would kick start a bit of production and make us ultra competitive- and they would be so popular -they'd have votes coming out their ears. Business would be so brisk they would be able recoupe the revenue from elsewhere in the tax chain.
Whenever they announce a reduction it's some mealy mouthed point 5 of a percent or something equally as stingy.
I expect Brussels would object though.
Never give up...
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
i will have a glass of whatever richard is drinking, 30% of fuel tax indeed!!
it's they way you tell 'em.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
why stop at 30%,when 50% would be better.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
The Government won't do that because they depend on the tax income from the fuels (petrol and diesel.
There are many fillips that can be given to help the economy, but they will all involve a (temporary) cut in incme for HMG.
Roger
Guest 705- Registered: 23 Sep 2010
- Posts: 661
But Roger - as I said , surely the boost that would give the economy would generate tax income in other areas- VAT for starters.
By the way Howard - nice glass of Blossom Hill.
Never give up...
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
I'm not saying it wouldn't give the economy a boost Richard, or that it shouldn't be tried, I'm just saying what the Government's view would probably be.
I particularly like the reduction in fuel taxes and a reduction in VAT - I'd suggest from 20% to 10%. I also think that the starting figure for paying tax should be £12,000 pa. to take more people out of paying tax altogether.
Roger
Guest 693- Registered: 12 Nov 2009
- Posts: 1,266
When one considers that duty and tax account for over 80% of the price of diesel and petrol at the pumps, one has to view the Government's take as excessive. I wholeheartedly agree with Richard Moffatt's opinion that 30% being taken off the pump price which would act like a shot of adrenaline into our ailing economy. Either that, or scrapping duty completely; we are taxed to death in this country, and two taxes on the same product is lunacy..........
True friends stab you in the front.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
"
UK motorists are only paying slightly more for fuel now than in 1980 due to the better fuel economy of today's cars, according to new Which? research.
We compared the test figures of Fords past and present and found parity in fuel spend once adjustments had been made for inflation. Our findings suggest we are paying no more now for fuel than we did 30 years ago, despite the higher cost at the pump"
http://www.which.co.uk/news/2011/03/fuel-costs-have-only-risen-slightly-in-real-terms-249308/
The above is linked to within this article, there are also some very interesting graphs...
http://www.guardian.co.uk/politics/reality-check-with-polly-curtis/2011/nov/15/fuel-duty-campaignIgnorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 672- Registered: 3 Jun 2008
- Posts: 2,119
There ya go, since posting this 4 days ago petrol has crept up 3p a litre.
grass grows by the inches but dies by the feet.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
try 4p ian,it has at the bp garages at limekiln street and folkestone road,and i expect the one in townwall street has as well.