Thursday, March 27, 2014

The Treasury and Government Ministers are Out of Touch. Beer and Bingo are not the Nation's priority tax changes

 

Following last Week’s Budget, ComRes interviewed 2,039 GB adults online. The aim of the independent Poll commissioned by FairFuelUK was to understand which tax cuts would have the greatest positive impact on British adults’ lives, and how a cut in fuel duty compares to other tax cuts intoduced in the Budget and some others on the electorate's wish list.

POLL RESULTS

A 3p cut in fuel duty is, by a significant margin, the tax cut that British adults say would have the greatest positive impact on their lives, ahead of any of the measures announced in the Chancellor’s budget speech last week. By contrast, the widely-trumpeted cuts to beer and bingo taxes are generally unlikely to have a positive impact on people’s lives.

Tax Change Options

Single greatest impact

Top three greatest impact

A 3p cut in fuel duty

40%

67%

A reduction in the basic rate of income tax by 1p

24%

61%

A freeze on rail fares

8%

25%

The abolition of the 10p starting rate for income from saving

6%

37%

A freeze on duty on cider and spirits

2%

13%

A 1p cut in beer duty

2%

12%

The halving of Bingo Tax from 20% to 10%

1%

4%

None of the Above

16%

16%

 

Of those tax changes tested, a 3p cut in fuel duty is seen as the tax cut that would have the greatest positive impact by the largest proportion of respondents. Two in five (40%) say that it would have the greatest impact on them, while two thirds (67%) place this in their top three tax cuts that would have the greatest impact. The only other tax cut that would have a comparable impact would be a reduction in the basic rate of income tax by 1p, with a quarter (24%) selecting it as the cut that would have the most positive impact on their lives.Less than one in ten say this of any of the other tax cuts tested, including the cuts to taxes on beer (2%) and bingo (1%).

Quentin Willson of FairFuelUK said: "If the government is looking for evidence based policies, here's one that's shouting loudest. This ComRes Poll proves the UK wants and needs a cut in fuel duty."

Howard Cox, Co-Founder of the FairFuelUK Campaign said: "The Treasury's own team have said a cut in fuel duty will help the economy. NIESR and the CEBR have said it would create jobs, increase growth and lower inflation. The Recent period of stable lower pump prices have fueled sustained drops in inflation too. When will the Chancellor and his team listen to this huge bulk of evidence thats is now increased further, with two thirds of the nation saying a 3p cut would have the biggest impact on their lives above any other tax change? The Treasury remains in a state of 'cut fuel duty for growth' denial."


For details of this ComRes Poll for FairFuelUK, the data tables can be viewed and downloaded at http://www.fairfueluk.com/FairFuelUK_ComResPoll_post_budget.html




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