Chat & Social > The Bar - General Chat

spirraling fuel cost

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denviks:
the way i see it is.....( might be twisted reality but works in my mind )

lots of people are saying that the government cannot drop the amount of duty of the price of fuel we pay as the government would need to get the money back some how ...

ok , i think this

which would be cheaper............ giving us some of that duty back or the 2 million + people who will soon be on the socail as its cheaper for them to do that going to work??


simple economics ???

some thing has to give soon  :evil: :evil: :evil:

Yoshi:
The other thing here is that if fuel duty was reduced, the government wouldnt lose money.  As it is they are recieving increased revenue even if they say they arent benefiting from the high prices.  17.5% isnt a set figure like the actual fuel duty is, so as the price of the petrol rises, they obviously make more as they get a percentage of the sale price!

Wireless:
The fuel escalator was in fact introduced by the last Tory Government in 1993, it should have been the first thing that the new Government should have capped off in 1997, but it didn't, it saw the revenue and couldn't bring itself to cap it as it wanted to spend the money on the infrastructure (whether they spent it well is open to debate), and the sodding thing ran on until the Fuel Protests in 2000.  Then they left it at that level of taxation = 75%.

I'm afraid the fuel escalator will be the nail in the coffin of this government, what a well made time bomb the Tories made, one that was so lucrative the new Government couldn't let it go, and one so reactive to increased World demand for fuel to push up prices, and put the Tories back in power.  Brilliant strategy, but do you still want the evil <Edited> who dreamt it up in the first place to regain power?

You can bet that the cost of living, and fuel prices will not be reduced, whoever is in power.

To my mind, the Government should take a leaf out of their own books and cap the fuel escalator at the level it was in 2001, and then reduce it every year to it's 1993 % value, it's only fair.

They can always put a tax escalator onto things I don't use, like tobacco, Coco Pops, bobble hats, and leki poles, to prevent erosion to Snowdon.

EbonynIvory:

--- Quote from: Manicminer on May 30, 2008, 07:54:59 ---The price of your house has doubled in the last 10 years, your wages have doubled in the last 10 years.

Up to a month ago fuel was also about double what it was 10 years ago.

--- End quote ---

House prices and wages might have doubled in the last ten years but how much has the cost of living gone up by? As for house prices - there are alot of people who can afford the mortage but can't get one?!?!?

Disco Matt:
Tax the bobblies!  :lol: :dance:

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