Friday, October 7, 2011
Please donate to help the fight for lower fuel prices and a better deal for drivers
Share this Post:
ADD YOUR OWN COMMENTS BELOW THIS POST. THEY ARE VERY WELCOME
I keep hearing members of the government claiming that they have cut the price of fuel. This is an outrageous lie. All Osbourne did was not to increase the price further, but the VAT increase remained and this is a huge factor in the cost of fuel, because it is a tax on a tax on a duty and on the producer price. Every penny increase in the producer price is multiplied by 6 at the pump. The fact that the revenue has lost so much as a result of consumer cut backs reveals the sheer stupidity of being so dependent on discretionary spending as a prime source of revenue. Income tax is fairer, more predictable and more stable a source but, because it means that the rich also pay, it is the least preferred.
Its a sad state of affairs that there are some 35m drivers out there, yet on this, one of our biggest financial burdens, petrol & diesel, we have a miserly 1 comment on this forum / blog.