Monday, October 1, 2007

Will UK Government cut fuel duty 50%?

Tax rise fuels petrol price fears

The increase in fuel duty came into effect at midnight
Petrol prices could surge to near record highs from after the government's 2p rise in fuel duty came into effect on Monday morning.
The 2p increase could push up the average price of unleaded petrol to about 98p, while diesel could exceed £1 if the cost is passed on to motorists.

The increase, in line with inflation, was first announced in Gordon Brown's 2007 Budget when he was chancellor.

The duty rise comes amid soaring oil prices and high borrowing costs.

BBC

Well, the Government say this rise in duty is something they feel good about, because of the positive message for energy awareness it conveys. So we should all feel good and possibly grateful too!!! After all, this bitter medicine is to help save us from global warming and resultant climate change.

Not only is the UK motorist paying far more fuel duty than many similar countries do already, but oil is at record highs, creating a double whammy. But our CO2 emissions will hopefully be reduced.

So, as oil continues its inexorable march to higher prices over the next few years, will the British Government be able to blatantly continue to increase fuel duties without howls of protest and even public rebellion? Most likely, NO!

The Prime Minister has become the "King of Stealth" during his 10 years as Chancellor and we must expect a strategy of introducing new technology to raise revenue, supported by dire forecasts of gloom for the planet.

He will have stark options:

1. To carry on raising traditional duties and face major dissent.
2. To increase taxation in other sectors to sudsidise fuel duties.
3. To fox the public with an offer we don't quite fully understand!

Telling us to go to Hell so we all look forward to the trip !

The widespread introduction of SPECS monitoring systems mean that the basis upon which we pay for road use can be radically altered, to something many believe is a far fairer system. Pay according to your individual usage.

So imagine the reaction of the public when we are told that we have the choice as to how many miles we drive; our road fund licence charge will be in accordance with what type of vehicle we choose to drive about in; and petrol and diesel duties will be drastically cut, to say 50p per litre.

I can see this almost being applauded by a public who want to have more say in what they pay out. Rest assured,(as with all businesses behind the glitz of casinos), the odds will be heavily in favour for the Government to turn over a Blackjack.

And many of the British people may lose their shirts without realising it.

Tip of the Day; Look ahead, start reducing your consumption, live sustainably and the be ready for the energy, global warming and climate change spiral that lies ahead.

Denny

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