Tories pledge to cut fuel tax costs
Discussion
Interesting:
http://www.telegraph.co.uk/motoring/news/7579406/G...
The cost of a litre of petrol would be cut by about ten pence if oil prices remain high under Conservative plans for motorists to be included in the party’s manifesto, The Daily Telegraph can disclose.
David Cameron will propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices.
The move will be funded from the increased taxes the Government raises from other levies on oil companies when wholesale prices rise.
Over the past few weeks, the cost of petrol has risen to a record high – now averaging £1.20 a litre. This has been caused by the cost of a barrel of oil rising to $85 and the pound falling against the dollar.
Alistair Darling, the Chancellor, also recently decided to push ahead with above-inflation increases in fuel duty. The duty will rise by three pence per litre over the next year.
The “fuel duty stabiliser” is the latest Conservative tax policy designed to help hard-pressed families cope with the impact of recession.
However, it is likely to prove controversial when oil prices fall as fuel duty will rise again. Mr Cameron has already indicated that he favours introducing tolls for new roads.
The details of the scheme – including the price at which petrol will “stabilise” – will be the subject of a consultation launched soon after a Conservative election victory. It is expected to be launched within months if Mr Cameron is successful.
Last night, a senior Conservative source said: “We are very straight with people. This is not a tax giveaway – instead it is a sensible, balanced policy that protects families from big increases in the oil price.
“When the oil price rockets, the tax falls and the petrol price at the pump stays stable – and vice-versa when the oil price falls.”
Edmund King, the President of the AA, welcomed the policy – and warned that high fuel prices could threaten Britain’s economic recovery.
“It is right that political parties are addressing the problem of fuel duty now we have record prices at the pumps,” Mr King said. “I will be interested to see the detail of this policy but in principle it is a good idea.”
The Conservatives will unveil their manifesto tomorrow setting out Mr Cameron’s policies for the next five years. The theme of the document will be “we’re all in it together” and many of the policies will stress that Britons must take more responsibility for their actions and their local communities.
In the foreword to the manifesto, Mr Cameron will warn that Britain faces a tough few years. He will say: “There is no law that says we must accept decline. We have the energy, the ideas, the ambition to get Britain back on track. And that includes everyone in Britain, wherever they live and whatever their circumstances.
“If we join together, if we act decisively and move forward with optimism, we can start to fix the economic, social and political problems that threaten the nation. We can bring about the change Britain needs.”
Other policies to be included in tomorrow’s manifesto include:
“Real change comes when you work together with people and the whole country comes together and that’s what you’ll see from us.
“I think there’s a contrast in this campaign, frankly: no new ideas from Labour, a very negative campaign all about attacks and trying to scare people, and very positive agenda-setting ideas from the Conservatives.
http://www.telegraph.co.uk/motoring/news/7579406/G...
The cost of a litre of petrol would be cut by about ten pence if oil prices remain high under Conservative plans for motorists to be included in the party’s manifesto, The Daily Telegraph can disclose.
David Cameron will propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices.
The move will be funded from the increased taxes the Government raises from other levies on oil companies when wholesale prices rise.
Over the past few weeks, the cost of petrol has risen to a record high – now averaging £1.20 a litre. This has been caused by the cost of a barrel of oil rising to $85 and the pound falling against the dollar.
Alistair Darling, the Chancellor, also recently decided to push ahead with above-inflation increases in fuel duty. The duty will rise by three pence per litre over the next year.
The “fuel duty stabiliser” is the latest Conservative tax policy designed to help hard-pressed families cope with the impact of recession.
However, it is likely to prove controversial when oil prices fall as fuel duty will rise again. Mr Cameron has already indicated that he favours introducing tolls for new roads.
The details of the scheme – including the price at which petrol will “stabilise” – will be the subject of a consultation launched soon after a Conservative election victory. It is expected to be launched within months if Mr Cameron is successful.
Last night, a senior Conservative source said: “We are very straight with people. This is not a tax giveaway – instead it is a sensible, balanced policy that protects families from big increases in the oil price.
“When the oil price rockets, the tax falls and the petrol price at the pump stays stable – and vice-versa when the oil price falls.”
Edmund King, the President of the AA, welcomed the policy – and warned that high fuel prices could threaten Britain’s economic recovery.
“It is right that political parties are addressing the problem of fuel duty now we have record prices at the pumps,” Mr King said. “I will be interested to see the detail of this policy but in principle it is a good idea.”
The Conservatives will unveil their manifesto tomorrow setting out Mr Cameron’s policies for the next five years. The theme of the document will be “we’re all in it together” and many of the policies will stress that Britons must take more responsibility for their actions and their local communities.
In the foreword to the manifesto, Mr Cameron will warn that Britain faces a tough few years. He will say: “There is no law that says we must accept decline. We have the energy, the ideas, the ambition to get Britain back on track. And that includes everyone in Britain, wherever they live and whatever their circumstances.
“If we join together, if we act decisively and move forward with optimism, we can start to fix the economic, social and political problems that threaten the nation. We can bring about the change Britain needs.”
Other policies to be included in tomorrow’s manifesto include:
- Giving people the right to see a local GP seven days a week and in the evenings. It will give everyone the right to see a doctor in their area for 12 hours a day, seven days a week. About a quarter of practices currently close after 6.30pm and only open weekdays.
- State officials right to enter people’s homes would be curtailed. Under the Conservative plans, all officials except police officers and emergency workers would have to obtain a warrant. There are currently about 1,240 different laws giving an array of council and other officials the right to enter private homes.
- A scheme to offer work placements to 100,000 teenagers. The youngsters would spend six months with a tradesman and would be allowed to keep receiving benefits – plus they will be paid an extra £1 an hour. Another 300,000 training places, including apprenticeships, will also be offered.
- People will be offered the opportunity to buy cut-price shares in high street banks which have been largely nationalised. There will be “Sid-style” re-privatisations of RBS and Lloyds Banking Group modelled on the sale of shares in utility firms such as British Gas and BT in the 1980s.
- The prospect of a “death tax” to pay for care homes will be explicitly ruled out. The policy has previously been floated by Labour. Mr Cameron will also pledge not to cut disability benefits.
“Real change comes when you work together with people and the whole country comes together and that’s what you’ll see from us.
“I think there’s a contrast in this campaign, frankly: no new ideas from Labour, a very negative campaign all about attacks and trying to scare people, and very positive agenda-setting ideas from the Conservatives.
Article said:
Over the past few weeks, the cost of petrol has risen to a record high – now averaging £1.20 a litre. This has been caused by the cost of a barrel of oil rising to $85 and the pound falling against the dollar.
No, it is caused by TAX.Edited by Jasandjules on Tuesday 13th April 10:53
Jasandjules said:
Funk said:
Over the past few weeks, the cost of petrol has risen to a record high – now averaging £1.20 a litre. This has been caused by the cost of a barrel of oil rising to $85 and the pound falling against the dollar.
No, it is caused by TAX.
About two-thirds of the price of a litre of unleaded is duty on the fuel and then tax on the fuel and tax on the duty
e who has just shat on their favrite table cloth and eaten the pet cat while peeing on their grannies grave.I e-mailed David Cameron over fuel duty and this was his reply......
Dear Carl,
Thank you for your recent e-mail.
We are consulting on the introduction of a Fair Fuel Stabiliser. This would ensure that the British economy is less exposed to instability on international oil markets. When oil prices go up tax on petrol would go down, and when oil prices go down taxes would rise. This would keep prices at the pump more consistent and help families by cutting petrol taxes when prices are rising.
Yours sincerely,
Alice Sheffield
Office of David Cameron MP
House of Commons
London SW1A 0AA
Dear Carl,
Thank you for your recent e-mail.
We are consulting on the introduction of a Fair Fuel Stabiliser. This would ensure that the British economy is less exposed to instability on international oil markets. When oil prices go up tax on petrol would go down, and when oil prices go down taxes would rise. This would keep prices at the pump more consistent and help families by cutting petrol taxes when prices are rising.
Yours sincerely,
Alice Sheffield
Office of David Cameron MP
House of Commons
London SW1A 0AA
Edited by CHIEF on Monday 12th April 09:15
turbobloke said:
Jasandjules said:
Funk said:
Over the past few weeks, the cost of petrol has risen to a record high – now averaging £1.20 a litre. This has been caused by the cost of a barrel of oil rising to $85 and the pound falling against the dollar.
No, it is caused by TAX.About two-thirds of the price of a litre of unleaded is duty on the fuel and then tax on the fuel and tax on the duty
I know that 60-70% of fuel is tax; it's frankly daylight robbery.
CHIEF said:
I e-mailed David Cameron over fuel duty and this was his reply......
Dear Carl,
Thank you for your recent e-mail.
We are consulting on the introduction of a Fair Fuel Stabiliser. This would ensure that the British economy is less exposed to instability on international oil markets. When oil prices go up tax on petrol would go down, and when oil prices go down taxes would rise. This would keep prices at the pump more consistent and help families by cutting petrol taxes when prices are rising.
Yours sincerely,
Alice Sheffield
Office of David Cameron MP
House of Commons
London SW1A 0AA
Blimey!Dear Carl,
Thank you for your recent e-mail.
We are consulting on the introduction of a Fair Fuel Stabiliser. This would ensure that the British economy is less exposed to instability on international oil markets. When oil prices go up tax on petrol would go down, and when oil prices go down taxes would rise. This would keep prices at the pump more consistent and help families by cutting petrol taxes when prices are rising.
Yours sincerely,
Alice Sheffield
Office of David Cameron MP
House of Commons
London SW1A 0AA
Edited by CHIEF on Monday 12th April 09:15
If it happens I'll eat my hat.
T89 Callan said:
CHIEF said:
I e-mailed David Cameron over fuel duty and this was his reply......
Dear Carl,
Thank you for your recent e-mail.
We are consulting on the introduction of a Fair Fuel Stabiliser. This would ensure that the British economy is less exposed to instability on international oil markets. When oil prices go up tax on petrol would go down, and when oil prices go down taxes would rise. This would keep prices at the pump more consistent and help families by cutting petrol taxes when prices are rising.
Yours sincerely,
Alice Sheffield
Office of David Cameron MP
House of Commons
London SW1A 0AA
Blimey!Dear Carl,
Thank you for your recent e-mail.
We are consulting on the introduction of a Fair Fuel Stabiliser. This would ensure that the British economy is less exposed to instability on international oil markets. When oil prices go up tax on petrol would go down, and when oil prices go down taxes would rise. This would keep prices at the pump more consistent and help families by cutting petrol taxes when prices are rising.
Yours sincerely,
Alice Sheffield
Office of David Cameron MP
House of Commons
London SW1A 0AA
Edited by CHIEF on Monday 12th April 09:15
If it happens I'll eat my hat.
Edited by //dean on Tuesday 13th April 09:14
//dean said:
T89 Callan said:
CHIEF said:
I e-mailed David Cameron over fuel duty and this was his reply......
Dear Carl,
Thank you for your recent e-mail.
We are consulting on the introduction of a Fair Fuel Stabiliser. This would ensure that the British economy is less exposed to instability on international oil markets. When oil prices go up tax on petrol would go down, and when oil prices go down taxes would rise. This would keep prices at the pump more consistent and help families by cutting petrol taxes when prices are rising.
Yours sincerely,
Alice Sheffield
Office of David Cameron MP
House of Commons
London SW1A 0AA
Blimey!Dear Carl,
Thank you for your recent e-mail.
We are consulting on the introduction of a Fair Fuel Stabiliser. This would ensure that the British economy is less exposed to instability on international oil markets. When oil prices go up tax on petrol would go down, and when oil prices go down taxes would rise. This would keep prices at the pump more consistent and help families by cutting petrol taxes when prices are rising.
Yours sincerely,
Alice Sheffield
Office of David Cameron MP
House of Commons
London SW1A 0AA
Edited by CHIEF on Monday 12th April 09:15
If it happens I'll eat my hat.
Edited by //dean on Tuesday 13th April 09:14
he only realistic way to stabalise the cost of petrol is to have state run petrol stations (im not saying monopolised by the state though) these could then be used to control the price (ie they set the price they want the petrol to be at then the other petrol stations would set their prices around that mark)
What's that old economic equation again?
It's like something to do with electricity.
You put a massive resistor (tax) into the circuit and everything grinds to a halt, reduce the resistance and everything gets moving and you can actually get the setup to provide a useful return (lower taxes happening more often).
If the Tories pull this classical conservative policy, I will be most surprised.
CMD knows that classical tory policies are very very attractive for a lot of angry would-be-voters.
I don't think he's genuine, as he is a pinko-greeny leading a social-democrat party.
I'd love to be proved wrong.
It's like something to do with electricity.
You put a massive resistor (tax) into the circuit and everything grinds to a halt, reduce the resistance and everything gets moving and you can actually get the setup to provide a useful return (lower taxes happening more often).
If the Tories pull this classical conservative policy, I will be most surprised.
CMD knows that classical tory policies are very very attractive for a lot of angry would-be-voters.
I don't think he's genuine, as he is a pinko-greeny leading a social-democrat party.
I'd love to be proved wrong.
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