3P fuel duty rise cancelled

[Randy Winkman]

Puggit said:

Let's be clear, the price of petrol pretty much tripled during the Labour years, and a large chunk of that that wasn't the rise in oil prices. Ed Balls played a large part in that policy.

Eh?

http://www.speedlimit.org.uk/petrolprices.html

[Hoofy]

Jasandjules said:

Are we supposed to be grateful? When they CUT duty by 30p I will think about appreciating them.

Indeed. I'm relieved but not grateful. Much like when a mugger pulls out a knife then changes his mind about asking you to hand over your wallet.

[Guybrush]

Puggit said:

Let's be clear, the price of petrol pretty much tripled during the Labour years, and a large chunk of that that wasn't the rise in oil prices. Ed Balls played a large part in that policy.

True, and this 3p rise was set up by Labour.

[Funkateer]

Guybrush said:

Puggit said:

Let's be clear, the price of petrol pretty much tripled during the Labour years, and a large chunk of that that wasn't the rise in oil prices. Ed Balls played a large part in that policy.

True, and this 3p rise was set up by Labour.

I don't trust Conservative or Labour when it comes to fuel taxes. Cons introduced the Fuel Tax Escalator. Labour perpetuated/milked it.

[Essel]

And I have to recant my OP. Came past tesco tonight, and it's gone down a penny. My cynicism is dented.

[SystemParanoia]

Hoofy said:

Indeed. I'm relieved but not grateful. Much like when a mugger pulls out a knife then changes his mind about asking you to hand over your wallet.. but takes your 99flake icecream instead

[Hoofy]

SystemParanoia said:

Hoofy said:

Indeed. I'm relieved but not grateful. Much like when a mugger pulls out a knife then changes his mind about asking you to hand over your wallet.. but takes your 99flake icecream instead

I'm too tired to decide whether this ice cream analogy makes sense or not.

[madbadger]

Duty needs a cut. Postponing it is better than nothing.

Does Balls' condemnation of it as a 'u turn' mean he would have blithered on with the rise regardless?

[Funkateer]

madbadger said:

Does Balls' condemnation of it as a 'u turn' mean he would have blithered on with the rise regardless?

Given Labour's record, yes.

[The Hypno-Toad]

Finally. A sensible decision by the government. Will make a huge difference to the average household.

[Gargamel]

Randy Winkman said:

Eh?

http://www.speedlimit.org.uk/petrolprices.html

57p per litre in 1997

well two and a half times higher anyway

[markh1973]

Gargamel said:

57p per litre in 1997

well two and a half times higher anyway

Your maths still isn't working. If you're talking about the labour years you go from 57 pence to 112 pence.

[scenario8]

The Hypno-Toad said:

Finally. A sensible decision by the government. Will make a huge difference to the average household.

For a couple of months.

5 months X 200 litres X 3p = £30

Don't get me wrong, I'll take the thirty quid but thirty quid over five months is next to nothing. Funny how thirty quid can make such big headlines, be felt by so many to be so significant and generate a warm feeling about the government. How much income tax, NI, VAT, fuel duty, alcohol duty etc will I pay during those five months?

[scenario8]

markh1973 said:

Gargamel said:

57p per litre in 1997

well two and a half times higher anyway

Your maths still isn't working. If you're talking about the labour years you go from 57 pence to 112 pence.

And that's nominal figures too (only significant if you care to consider inflation, of course)

[Zyp]

Don't get too excited - price of Brent has risen twice in the last two days.

[B Huey]

Guybrush said:

Puggit said:

Let's be clear, the price of petrol pretty much tripled during the Labour years, and a large chunk of that that wasn't the rise in oil prices. Ed Balls played a large part in that policy.

True, and this 3p rise was set up by Labour.

Tories introduced the fuel price escalator, they set it at 5p and Labour raised it to 6p. Not exactly an earth shattering increase by Labour.

[B Huey]

The Hypno-Toad said:

Finally. A sensible decision by the government. Will make a huge difference to the average household.

Surely the average family will save less than a fiver a week. This is more about positive headlines than helping people out.

ETA, just worked out the average driver, 10000 miles a year at 40mpg will save less than 70p a week.

Cheers George.

Edited by B Huey on Tuesday 26th June 23:24

[Ozzie Osmond]

The Hypno-Toad said:

Will make a huge difference to the average household.

???????

12,000 miles a year average = 250 miles a week

At 30 mpg => 8.3 gallons => 37 litres

3p x 37 litres = £1 a week

[martin84]

B Huey said:

Surely the average family will save less than a fiver a week. This is more about positive headlines than helping people out.

ETA, just worked out the average driver, 10000 miles a year at 40mpg will save less than 70p a week.

I make it £1.09 a week myself, when you keep in mind the 3p rise is more like a 5p rise. You're right it's not a huge difference but every little helps. It may not save the ordinary motorist much but it'll save transport firms thousands.

You're right it is about headlines though. Think about it, in August the Olympics will be over, Wimbledon and the Football long gone, Government will still be in its 'summer recess' limiting political news stories so the only thing to put in the papers would've been 'Osborne fks the motorist.'

I admire the likes of Fair Fuel UK but the reality is they had nothing to do with this. The reality is Labour were going to table a vote on this issue meaning they must feel they have sufficient Tories willing to vote against the Chancellor. Osborne couldn't face losing a vote due to his own party backbenchers siding with the opposition calling to defer a tax rise the opposition themselves put into law.

One farce too far.

[Mojocvh]

0000 said:

Great news.

for 6 months.