High fuel prices? you aint seen nothin' yet
Discussion
Fuel hikes on the way as our Darling Brown tells us we need to pay back the money the bankers & the Labour Tory party pissed away in our name.
I seem to remember he upped the fuel duty to make up for the reduction in Very Awful Tax but I cannot find out if the fuel duty has been reduced with the return to 17.5% on Jan 1st.
Fuel prices round here have gone up 6p a litre in the last two months, it wasn't long ago we had a fuel protest with increases like that.
Next there will be an increase in the rate of inflation caused by governmental increases on tax on duty.
Brace yourself for 2010 fuel hikes, warns PRA
Motorists are being warned to brace themselves for a possible 10 pence per litre hike in fuel prices by the end of the year.
In a report from the Petrol Retailer’s Association (PRA) it is predicted that the cost of fuel could rise 5 pence per litre by the end of the first quarter alone in 2010.
The return of the VAT rate back to 17.5 per cent on January 1 is alone responsible for a New Year headache equating to 2.5 ppl (pence per litre) increase.
With a further increase in fuel duty set for April 1, fuel will increase by another penny. On the same date, the Government is also withdrawing its Duty incentive to refiners for the production of biofuel. The resulting Duty increase will therefore be passed on to consumers in the form of a second forecasted 1ppl rise at the pumps.
Because the Government needs to raise taxation to reduce the country’s budget deficit it could move to increase the VAT rate to 20 per cent, this would add a further 2.5ppl to the price of fuel. There is also the possibility of a snap budget post election which could lead to a fuel Duty hike of 2ppl in the autumn.
Brian Madderson, Chairman of the Petrol Retailers Association, said: “2009 has been a tough year for consumers and we are now looking at an even tougher year ahead. The predicted 10ppl rise does not take into consideration any increase in the world oil price which is also a possibility and could add another 3 to 5ppl to forecourt inflation. With pump prices averaging 108ppl for Unleaded and 110ppl for Diesel in the lead up to Christmas, we might well see pump prices in the second half of 2010 in the range 120 to 125ppl; setting record highs.
“It is going to be a tough year for both consumers and independent petrol retailers in 2010 and both are really going to feel the squeeze. RMI Petrol will be actively lobbying Government to minimise the tax increases in order to protect the vulnerable rural filling stations and maintain the momentum of any economic recovery.
“Brace yourselves for higher fuel costs ahead.”
I seem to remember he upped the fuel duty to make up for the reduction in Very Awful Tax but I cannot find out if the fuel duty has been reduced with the return to 17.5% on Jan 1st.
Fuel prices round here have gone up 6p a litre in the last two months, it wasn't long ago we had a fuel protest with increases like that.
Next there will be an increase in the rate of inflation caused by governmental increases on tax on duty.
Brace yourself for 2010 fuel hikes, warns PRA
Motorists are being warned to brace themselves for a possible 10 pence per litre hike in fuel prices by the end of the year.
In a report from the Petrol Retailer’s Association (PRA) it is predicted that the cost of fuel could rise 5 pence per litre by the end of the first quarter alone in 2010.
The return of the VAT rate back to 17.5 per cent on January 1 is alone responsible for a New Year headache equating to 2.5 ppl (pence per litre) increase.
With a further increase in fuel duty set for April 1, fuel will increase by another penny. On the same date, the Government is also withdrawing its Duty incentive to refiners for the production of biofuel. The resulting Duty increase will therefore be passed on to consumers in the form of a second forecasted 1ppl rise at the pumps.
Because the Government needs to raise taxation to reduce the country’s budget deficit it could move to increase the VAT rate to 20 per cent, this would add a further 2.5ppl to the price of fuel. There is also the possibility of a snap budget post election which could lead to a fuel Duty hike of 2ppl in the autumn.
Brian Madderson, Chairman of the Petrol Retailers Association, said: “2009 has been a tough year for consumers and we are now looking at an even tougher year ahead. The predicted 10ppl rise does not take into consideration any increase in the world oil price which is also a possibility and could add another 3 to 5ppl to forecourt inflation. With pump prices averaging 108ppl for Unleaded and 110ppl for Diesel in the lead up to Christmas, we might well see pump prices in the second half of 2010 in the range 120 to 125ppl; setting record highs.
“It is going to be a tough year for both consumers and independent petrol retailers in 2010 and both are really going to feel the squeeze. RMI Petrol will be actively lobbying Government to minimise the tax increases in order to protect the vulnerable rural filling stations and maintain the momentum of any economic recovery.
“Brace yourselves for higher fuel costs ahead.”
Edited to take into account valid point made below!
Edited by Mr E Driver on Monday 11th January 01:49
HOGEPH said:
It's at times like these I'm glad I can cycle to work.
The government are still a bunch of
s though!
The government are still a bunch of
s though!
A lot more could be done by politicians and business leaders to prevent journeys.
Many meetings (the alternative to real work) are unnecessary in the first place, and those that are could often be held using videoconferencing or conference calls or collaboration software etc. Many roles could be fulfilled working at home given the level of electronic equipment in most working people's homes and the speed of the internet. Tax incentives would help all of this.
AndrewW-G said:
Do you not mean the money that the labour party has pissed away in our name 
He crossed out Labour and replaced it with Tory because this government blames all it's problems on the last Conservative government, despite Labout having been in power for the last 13 years...turbobloke said:
A lot more could be done by politicians and business leaders to prevent journeys.
Many meetings (the alternative to real work) are unnecessary in the first place, and those that are could often be held using videoconferencing or conference calls or collaboration software etc. Many roles could be fulfilled working at home given the level of electronic equipment in most working people's homes and the speed of the internet. Tax incentives would help all of this.
Only problem with that is 21st century technology but 19th century management attitudes - if I can't see you, you can't be working... Many meetings (the alternative to real work) are unnecessary in the first place, and those that are could often be held using videoconferencing or conference calls or collaboration software etc. Many roles could be fulfilled working at home given the level of electronic equipment in most working people's homes and the speed of the internet. Tax incentives would help all of this.
Jalopnik said:
turbobloke said:
A lot more could be done by politicians and business leaders to prevent journeys.
Many meetings (the alternative to real work) are unnecessary in the first place, and those that are could often be held using videoconferencing or conference calls or collaboration software etc. Many roles could be fulfilled working at home given the level of electronic equipment in most working people's homes and the speed of the internet. Tax incentives would help all of this.
Only problem with that is 21st century technology but 19th century management attitudes - if I can't see you, you can't be working... Many meetings (the alternative to real work) are unnecessary in the first place, and those that are could often be held using videoconferencing or conference calls or collaboration software etc. Many roles could be fulfilled working at home given the level of electronic equipment in most working people's homes and the speed of the internet. Tax incentives would help all of this.
If ever I became an employee once again the situation would be unerringly like this: spending half the time at home actually doing the work but getting twice as much done as spending twice the time 'at work' . . . and that would be in addition to the wasted journey time getting to and from the office.
musclecarmad said:
Dunk76 said:
115p for a litre of Unleaded at the top of my road as of last night. The wife's 1.4 Polo now costing £43 to fill up...
The Volvo averaging 21mpg I don't dare compute, nor fill up entirely, for fear of nervous breakdown.
oil is up again today - is it going on a steady path back up another $50 by end of 2010 as we all emerge from recession? I think so.The Volvo averaging 21mpg I don't dare compute, nor fill up entirely, for fear of nervous breakdown.
Cayenne Turbo for £10k by end 2010 anyone?
As someone on a fixed income, petrol rise hikes like this is going to start making going to work too expensive. All I'll be doing is working to pay taxes. I haven't had a holiday in five years and don't have that much at the end of the month to my self. How do you get on the dole with everything paid for ?
Making travel, transport and distribution costs even more expensive is hardly the best way to get people spending again, safeguarding businesses, jobs, etc...
I do seem to recollect an article somewhere saying that one of the main factors causing the current slump was the rise in fuel prices in 2008.
I do seem to recollect an article somewhere saying that one of the main factors causing the current slump was the rise in fuel prices in 2008.
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