Sunday, June 10, 2012

China's price-control body, the NDRC, is reducing petrol and diesel prices by 5% from Saturday.

The second cut in a month reflects sharp falls in world crude oil prices. On Thursday, China's central bank cut the cost of borrowing for the first time for four years amid fears of a sharp economic slowdown. Many fear the world's second biggest economy is faltering, and economic data for May, due to be released on 9 June, is expected to be disappointing.

If China is using lowering the price of fuel to stimulate economic growth, then why can't the the UK Govt see this too. Economic growth means more tax revenue to the Treasury and so an easier path to deficit reduction.  The common Sense recognized by the huge majority of the UK electorate and our research. FairFuelUK has shown that a cut in fuel duty will generate jobs, stimulate GDP and also ALL at no cost to the Treasury . See the CEBR Report. Its a no brainer!!!!

Source BBC  and Bloomberg




• China • fuel prices • petrol • diesel • oil prices • CEBR 

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[ posted by chris gould, 10.06.12 10:20 ]

what is this common sense of which you speak?

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[ posted by Lord Christopher, 10.06.12 12:42 ]

When have you ever known any politician to use "common sense"? Those monkies wouldn't know it if it bit them on the backside.

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[ posted by Scott, 10.06.12 17:08 ]

I notice that a lot of press attention appears in the Sun but would it be fair to say that Fairfuel may get more positive recognition if it could get more regular support outside of Tabloid-land.

I think a major win for FairFuel would be for it to embark on a "Hearts and Minds" exercise, dispelling the myths about fuel duty and the misunderstanding by green groups about it being a sound environmental policy. It isn't. It hurts the poorest the most. The huge economic costs also outweight the minimal environmental gain. The biggest driver (excuse the pun) behind more efficient cars is not fuel price its the tighter regulations from europe for lower emission vehicles. In any case the poorest cannot afford to buy more efficient vehicles if they are prevented from saving towards a new car with higher fuel bills.

Essentially a politically neutral approach is needed so that the message goes out to all parties left, right, centre and green so that whoever gets in power, they'll know that fuel duty

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[ posted by Scott, 10.06.12 17:41 ]

.....needs to be set at a fair level and not be used as just another stealth tax. In my view this means dropping duty at the very least with an immediate cut of 5-10p, then freezing in absolute terms it until inflation adjusts real duty down back to 1990 (inflation adjusted) levels.

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[ posted by Richard Green, 11.06.12 12:11 ]

Am I the only one missing the point. I may be wrong but do MP's work for us or is it the other way round, I don't know and have given up trying to work it out. Where else would an employee be given a job and have it guaranteed for at least four years, nowhere. If you think fuel prices are too high boycotting petrol stations is not the answer nor is protest marches. Write to the person you employ, your MP, reminding him/her that if the fuel price does not come down he/she will be out of a job in four years time if not sooner, then we will see if these publicly minded poeple really do take note of what the electorate think.

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[ posted by Adrian Nash, 11.06.12 22:35 ]

No politician ever mentions the vast amount of illegal activity that high fuel duty causes. Be it the illegal use of red diesel or just plain simple illegally scrubbed red diesel. The criminal fraternity make a fortune and with every duty increase make a heap more.

As for MP's, I'm not sure they understand or care and that's an a political view, whatever shade they are they claim fuel as expenses along with duck houses and all the rest, so we get to pay for thier diesel too!

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[ posted by John Buttress, 18.06.12 22:09 ]

Quentin,

Scott (comment on June 10 18:08) is absolutely correct. The Sun newspaper may have a huge readership, but the truth is, it is a toilet rag, nothing more.

I can't remember how I found the FFUK campaign but it wasn't as a result of buying or looking at The Sun. Try getting support from quality newspapers (Guardian, Indpendent, Telegraph), magazines, and the local press, and your campaign might gather more support and be more successful.

By continuing to quote stories from Murdoch's ta[t]bloid, I can only assume you are supporting a medium that is at the centre of the phone hacking scandal, that publishes rubbish sensational non-stories about so-called celebrities, and puts the media into a very bad light.

Please don't go running to the Daily Mail either.

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