Labour want fuel duty reduced
Discussion
As pointed out by www.dizzythinks.net:
. End of.
Daily Soovy in 2009 said:
The cost of air travel and driving is set to soar to pay for the government’s plans to curb global warming due to be unveiled this week.
Energy and Climate Change Secretary Ed Miliband warned of rising fuel prices as he outlined Labour’s bid to move Britain on to a low carbon economy.
http://www.dailymail.co.uk/news/article-1199129/Hi....Energy and Climate Change Secretary Ed Miliband warned of rising fuel prices as he outlined Labour’s bid to move Britain on to a low carbon economy.
. End of.Every time I read a story about something like this, I get angry as this is all out and out party nonsense. Every time Party A does something, Party B rubbishes it and says "what we would have done is" - which is all bks as it's all hypocrisy.
If Labour were in power, they would have done exactly the same - they would also say that the bank "thing" was unfortunate, not their fault and blame the banks and they will fix it by doing the same as the current lot.
The difference with the above is that Cons-lib can blame the previous administration.
It's all Punch and Judy - the difference being we're all being stung for more tax.
On topic - the tragic thing about all this is that the price of oil is out of governmental control and this isn't partisan is that the right word?
ks as it's all hypocrisy.If Labour were in power, they would have done exactly the same - they would also say that the bank "thing" was unfortunate, not their fault and blame the banks and they will fix it by doing the same as the current lot.
The difference with the above is that Cons-lib can blame the previous administration.
It's all Punch and Judy - the difference being we're all being stung for more tax.
On topic - the tragic thing about all this is that the price of oil is out of governmental control and this isn't partisan is that the right word?
james_tigerwoods said:
On topic - the tragic thing about all this is that the price of oil is out of governmental control and this isn't partisan is that the right word?
But the tax isn't...and I agree .... how can Labour start saying they want fuel tax reduced when THEY instigated most of the rises!
Been thinking about the idea of the fuel price stabiliser, and I'm struggling to see how it could be done without creating additional costs? Every product group has its own defined duty status and rate (non-dutiable, dutiable zero rated, non-zero rated etc), and you really couldn't start randomly buggering about with those, as it would create havoc with duty returns. That would create additional admin costs for HMRC, which is funded from tax returns, so any savings at the pump would be eroded by the additional costs having to come from over taxes. You could possibly roll back rates periodically, but then you lose the ability to react to price spikes, which rather negates the point of the exercise. You could possibly create an additional, universal duty group applied to all products, which is then used as the stabiliser, but you'd still have all sorts of additional costs, as every product would need two duty classifications, one of which may well need to be negative, assuming stabilisation in both directions. I really don't fancy trying to make corporate IT systems cope with that in all honestly. I just can't see any way of doing it without inflicting considerable costs, either through system redesign or (a lot of) manual processing. Business will simply pass those costs on to customers, increasing the pump price, so no net benefit. I just can't see how it can be done in a way that doesn't create huge amounts of work and therefore costs? I'm sure Ed has a genius plan he can share with us?
Edited by hornet on Wednesday 16th March 13:49
did anyone see that ste on newsnight last night?
The labour MP kept blaming the whole thing on the bankers.
The Cons MP wasn't much better TBH.
When asked why two people earning £40k a year would keep CB and a one income family earning £43k would lose it, his answer was that they inherited the system and this was the only way they could do it.
Err, change the fking system then!! Do HMRC not already deal with tax credits & CB and credits are already based on household income, but they can't extend that system to include the CB???
And don't get me started on tax allowances. How hard would it be to combine these were one person stayed at home???
te on newsnight last night?The labour MP kept blaming the whole thing on the bankers.
The Cons MP wasn't much better TBH.
When asked why two people earning £40k a year would keep CB and a one income family earning £43k would lose it, his answer was that they inherited the system and this was the only way they could do it.
Err, change the f
king system then!! Do HMRC not already deal with tax credits & CB and credits are already based on household income, but they can't extend that system to include the CB???And don't get me started on tax allowances. How hard would it be to combine these were one person stayed at home???
hornet said:
Been thinking about the idea of the fuel price stabiliser, and I'm struggling to see how it could be done without creating additional costs? e
lets all concentrate on the word stabiliserStable, steady, constant
Now lets look at todays fuel price
Stupidly high
Now do we want stable fuel prices considering that oil goes up and down in price?
If a fuel price stabiliser comes in trust me they will f
k drivers even harderthinfourth2 said:
lets all concentrate on the word stabiliser
Stable, steady, constant
Now lets look at todays fuel price
Stupidly high
Now do we want stable fuel prices considering that oil goes up and down in price?
If a fuel price stabiliser comes in trust me they will fk drivers even harder
I was thinking about "stabiliser" in terms of a buffer in the 70% or so of the pump price that's taxation and duty, not the 30% that's actually related to the price of oil pre-taxation.Stable, steady, constant
Now lets look at todays fuel price
Stupidly high
Now do we want stable fuel prices considering that oil goes up and down in price?
If a fuel price stabiliser comes in trust me they will f
k drivers even harderhornet said:
I was thinking about "stabiliser" in terms of a buffer in the 70% or so of the pump price that's taxation and duty, not the 30% that's actually related to the price of oil pre-taxation.
Will they A Drop the amount of taxation we currently pay to lower fuel prices to £1.00 a litre
B Fix the fuel price at £1.40 a litre and increase the tax should oil price fall
I know where my bets lie
thinfourth2 said:
hornet said:
I was thinking about "stabiliser" in terms of a buffer in the 70% or so of the pump price that's taxation and duty, not the 30% that's actually related to the price of oil pre-taxation.
Will they A Drop the amount of taxation we currently pay to lower fuel prices to £1.00 a litre
B Fix the fuel price at £1.40 a litre and increase the tax should oil price fall
I know where my bets lie
james_tigerwoods said:
If Labour were in power, they would have done exactly the same - they would also say that the bank "thing" was unfortunate, not their fault and blame the banks and they will fix it by doing the same as the current lot.
Agreed. I don't think many people will actually even come close to believing that the champagne swilling country ruining and bankrupting scum would do anything to reduce the burden on the motorist if they were still in power.
Jasandjules said:
james_tigerwoods said:
If Labour were in power, they would have done exactly the same - they would also say that the bank "thing" was unfortunate, not their fault and blame the banks and they will fix it by doing the same as the current lot.
Agreed. I don't think many people will actually even come close to believing that the champagne swilling country ruining and bankrupting scum would do anything to reduce the burden on the motorist if they were still in power.
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