Fuel Prices
Asked for the Government’s views on what OPEC had been saying on fuel prices in the UK, the PMS replied that if oil prices went up, it had an impact on the price of petrol at the pump.
Put that their argument was that the Government was making more money than the producers through tax, the PMS said that we had a significant structural deficit that we needed to deal with and that’s why we were going ahead with certain tax rises. The Prime Minister had asked the Treasury to look at the issue of a fair fuel stabiliser, but any announcement on tax would come at the time of the Budget.
The PMS said that an increase in the oil price did have an impact on petrol prices. If people looked at recent rises in petrol prices, the majority of the increase was accountable by non-tax factors such as increases in the price of oil.
i took that extract from the above posted link.
and quite frankly it is a load of (insert chosen word here)....
if they base it on the rise in crude prices, and to be honest the prices are quite crude. the rise would be minimal to the end user. but because of the tax and fuel duty, the rise is considerably higher.
they apply the fuel duty, then they add the VAT on top...
i think the VAT and fuel duty should be calculated independently of each other. that is what is killing us at the pumps.
that or they should scrap one or the other.
And to claim that they are taxing so highly to allow the economy to recover is ridiculous.
for example:-
Mr. J. Bloggs runs a firm that delivers things.
he pays X amount per year to cover fuel road tax maintenance and MOTs for his fleet of vehicles.
when the government put VAT up, he loses money on everything, as it all costs more as the companies he uses have to put their prices up.
you can see where this is going. so ultimately his business closes, loosing Y amount of jobs.
these people then either end up on the dole, or looking for other work, or in illegal activity to provide for themselves and/or dependants.
WHICH COSTS THE GOVERNMENT MONEY!!!!!!
and then us, because the government take money from us to pay for those on benefits.
so, i propose that to stabilize the economy, reduce VAT back to what it was, scrap fuel duty, and stop paying people to sit on their arse all day!
RANT OVER! FOR NOW!
