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Realistbear

Massive U-Turn As Potentially Economy Busting 1P Fuel Duty Scrapped

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http://www.telegraph.co.uk/news/politics/georgeosborne/8363607/Chancellor-hints-at-fuel-duty-u-turn-and-announces-plans-for-new-enterprise-zones.html

Chancellor hints at fuel duty u-turn and announces plans for new 'enterprise zones'
George Osborne has delivered a strong hint that a 1p fuel duty hike due next month will be scrapped amid fears over soaring oil prices.

BFD

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To be honest they can afford to do this as I'm sure they are now getting well above the 1p per litre (I assume it would be per litre) in increased taxes with each increase in the oil price I bet the Treasury is taking a larger portion in tax. Although I'm sure that tax revenues could be declining even with these increases.

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Does petrol consumption vary with pump price? B) , or is it completely unrelated?

To be honest they can afford to do this as I'm sure they are now getting well above the 1p per litre (I assume it would be per litre) in increased taxes with each increase in the oil price I bet the Treasury is taking a larger portion in tax. Although I'm sure that tax revenues could be declining even with these increases.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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