The Original i30 Owners Club
GENERAL STUFF => GENERAL DISCUSSIONS => Random Chit Chat => Topic started by: eye30 on March 18, 2009, 19:22:15
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I've posted here as it doesn't fall into any of the threads in Fuel. If a mod wishes to move please feel free to do so.
The following is an extract from www.petrolprices.com
"In just 2 weeks fuel duty will rise again, bringing the total tax paid at the pumps to 71 pence in every pound - despite Prime Minister Gordon Brown promising not to raise fuel duty.
Fuel duty is set to rise by roughly 2 pence per litre on April 1st meaning that 66 pence of the average litre of fuel goes directly to the Treasury.
Fuel tax goes into a central government tax pot. It's not necessarily allocated back out to motoring, so fuel tax can be spent on anything – the NHS, housing, pensions or even banking bailouts.
At the height of soaring pump prices Brown made a promise during Prime Minister's Questions on July 16th 2008 not to raise fuel duty for a year.
He stated: "In recognition of the problem people face with petrol, we are freezing duty on petrol for the full year."
Brown broke this promise in December 2008 when he added 2 pence per litre to fuel duty to offset the reduction of VAT to 15% - a move which angered UK hauliers who are able to claim fuel VAT back, but not fuel duty.
He is set to break the promise for a second time on April 1st when fuel duty on unleaded and diesel will rise 1.84 pence per litre. Including the additional 15% VAT on top this will make the rise at the pumps around 2 pence per litre.
The Treasury have said that the only time further changes to fuel duty can take place are at the next Budget – which has been postponed from March until April 22nd, after the duty rise comes in.
Do you think the Budget has been postponed to push through a duty rise unchallenged? Do you think it's fair that 71% of the cost of a litre of fuel goes directly to the Treasury? Should Brown be held to account for breaking his promise not to raise fuel duty?"
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Just when fuel prices looked like settling down, the government stings us again...
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I think this will start happening world wide, as governments start losing out on investments as the world's markets slowly crawl toward recession. People use fuel. Simple. And people will be hard pressed giving up their cars to get to work or travelling (if they can, or have a job), thus it's one of the last places people will cut back spending.
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Here I think the government take 46 ISK per liter, thats about 30p
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Sory to hear that eye, are you going to name him Gorging Gordon?
Cheers
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Sory to hear that eye, are you going to name him Gorging Gordon?
Cheers
There's a few other names I'd call him but this an open site :exclaim:
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Went up 2.7p today.
My local Tesco's put up price by 2ppl.
At least Shell hasn't, so filled up and saved a whopping 80p ($1.66 AUD)(0.87 euro) :lol:
Another hit on the motorist by GB
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And as this was a "deferred" [from last November] tax, we can look forward to another tax hike in April :evil: :evil:
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And as this was a "deferred" [from last November] tax, we can look forward to another tax hike in April :evil: :evil:
Plus VAT returning to 17.5% in December, currrently 15% to help with the credit crunch - I've seen no difference, which will give another 2.5% increase.