ralphmalph Posted January 14, 2011 Share Posted January 14, 2011 The arguments for are that because duty and vat on fuel are percentages not fixed amounts the tax that is going to be raised at the current price is 2billion more than forceast in the budget. Fixing the fuel also will help to tame inflation as it is one if not the major cause. Makes Cameron seem to be on the peoples side Arguments against: Rising fuel prices means peoples wallets are lighter, meaning they have less money to spend so inflation will fall because people go for cheaper options. More tax pays of the deficit quicker meaning Osbourne can bring in tax cuts earlier. Quote Link to comment Share on other sites More sharing options...
fellow Posted January 14, 2011 Share Posted January 14, 2011 They will bring it in but they will set the target at current prices, meaning they will increase taxes if the oil prices start to fall, so the high petrol prices will be locked in/ Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted January 14, 2011 Share Posted January 14, 2011 They will bring it in but they will set the target at current prices, meaning they will increase taxes if the oil prices start to fall, so the high petrol prices will be locked in Pretty much what I was thinking. The stabiliser will go in if prices look like falling. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted January 14, 2011 Share Posted January 14, 2011 No, they'll bring in some kind of thing to help hauliers and hauliers alone. They know if the refinerys dont get blocked theres sweet FA the public will do, or probably be bothered to do. Just pop it on the credit card. Quote Link to comment Share on other sites More sharing options...
libspero Posted January 14, 2011 Share Posted January 14, 2011 I can't see how price fixing really solves the problem. If as a nation we can no longer afford fuel, we will just end up riding mopeds and bicycles like the chinese/dutch. Quote Link to comment Share on other sites More sharing options...
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