Forums Forums National News petrol down 1p a litre

Firstly, its an effective 6p per litre duty cut, since according to the old Labour system, it should have gone up 1p above inflation next week, which would have mean an extra 5p per litre.

Fuel was never put up by 3p per litre 3 weeks ago, it was increased by 1p per litre in January and that it is. VAT was increased to 20%, but for those with sense or an understanding of the EU VAT system, you will understand that there is a fundamental reason for this, and that is due to the fact each member state is only allowed 3 levels of VAT, with the UK choosing to utilize 0%, 6% and 20%. Considering how Darling has said a rise to 20% was a serious possibility, even a sniff of likelyhood to is, under a Brown-Darling government, then I fail to see any difference. In reality, we all know it would have gone up to 20% regrdless of government, given the financial shit were in.

This government, is the first in 18 years, to indefinately suspend the fuel duty escalator, unless oil prices return to a reasonable level. I didnt see Labour put an end to it - in fact, they increased the escalator to 6% the minute they got into power!

As always, its easy for those in opposition to critisize, because they don't need to have a credible or viable plan themselves. Millibpede and Balls-Brown were wrongfooted by the government yesterday, and stuggled to make a single comment relating to the 1p reduction, nevermind the suspension of the fuel escalator. - they obviously hadnt thought of it themselves.

And I take it all the above posters in this thread, won't be moaning about the cuts when they come in, since you all want to cut the tax revenue supply rather than pay for public services??

And for those that don't know or are politcally unaware, on of the fundamentals of Conservative ideology is low taxation, if any government is likely to lower your tax levels, it is a Conservative/Conservative-led government, not a Labour government.

Personally, id like fuel to hit £2.00 per litre, because it would force all the peasents off the road, and leave them nice and clear for me to use!! Selfish I know, but ive actually noticed a fair drop in traffic locally, in recent weeks! I eagerly await for the day when the roads are as quiet as they are in 60's TV programmes lol.

Anyway, these high fuel prices are helping everyone to be more green (whatever haha, but it keeps the green brigade happy).

That's fine but it is even cheaper in Bahrain. At the end of the day whether it's petrol, food or any other commodity they will take off us as much as we are willing to pay and then bring the prices down when nobody pays. Remember an article from a bloke who wrote that his company would love to charge cheaper prices for golf clubs but if they did charge lower prices then golfers wouldn't pay for them because they would think they were crap, ergo, they have to keep the prices up. Funny thing the human condition.

Either way we have to get out of the crap that Mr Brown and Mr Balls left us in.

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