Jan 2011 28

The next hike in fuel duty is set to come into effect in April. But yesterday the Chancellor George Osborne hinted that he may not go ahead with it. Last week we showed that motorists were excessively taxed by £17.9 billion in 2008-09, projected to £22.3 billion in 2015-16. Motorists are already getting a rough deal, so another increase in April would hit millions of ordinary families in the pocket.
Combine this with VAT hikes and the cost of living for taxpayers becomes even higher. Punitive tax hikes like these will hinder economic growth, and impact on everyday things like the School run and driving to shops. It’s good to see the Chancellor is reconsidering this; hopefully he follows through and scraps this tax rise, and looks at ways to ease the burden on families and businesses in the Budget.

Related Posts

  • Anonymous

    But he won’t though. We all know that. For Britain to compete internationally we need a massive scaling back of the state and a dramatic change to taxation to simply take a lot less.

    It is our money that makes them powerful. we cannot refuse this theft and we are at their mercy as to increases or their ‘generosity’ in ‘allowing’ us more of it. Every day they waste our money and threaten us with prison (which we pay for) and the police (which we pay for) should we refuse to let them take it from us (without our consent).

    What do we get in return? Where is the power of recall, where is real accountability, real transparency? When do we get to say “no more”?

    Why is basic economics so distant from modern politics? The more of ours they waste, the less we will spend, the slower the country will recover.

  • Lesjohnson54

    yesterday I received a round robin type e mail suggesting this: as a protest instead of the one proposed last year where drivers did not buy fuel on a certain day (the petrol companies simply waited)- NOBODY buys ANY fuel from the 2 main suppliers ( BP and ESSO) for say 6 months. The idea is that they would eventually have to reduce prices, triggering more competition/ price war.Obviouslyit would take mass action to achieve, but thnk of the implications! could apply to power companies, etc.I wouldn’t wait for the chancellor to take pity on us, it doesn’t work like that!

  • Anonymous

    Fuel tax should be reduced ASAP by at least 75%, this will reduce cost of food white goods and just about everything else simply by reducing delivery costs. people will spend more, spending more requires more goods, more goods require more workers to make and deliver goods. All workers pay tax, therefore less spent on benefits, more income for treasury. If it only acheives a status Quo and replenishes the tax on fuel then it will be a success, even if it doesn’t it would be a result boosting the economy and helping we the people. Who at this time appear to have no relevance to the elite who seem determined to make us suffer by any means neccesary.

  • Foolsgold Gordo

    Yes, demanding money with menaces as a criminal offence unless it’s the tax man that’s doing it!

  • Foolsgold Gordo

    Yes, demanding money with menaces as a criminal offence unless it’s the tax man that’s doing it!