16p a gallon fuel increase in the budget!!
Discussion
With less than a week to go to the Budget, we are now seriously concerned that the Government may stick to its plan to increase petrol & diesel prices by adding a massive 16p a gallon (3p/litre fuel duty and VAT combined) increase in a few months time. We urgently need you to help us stop this. Petrol & diesel prices are already at record levels and are still rising. We know that this increase will push many families and businesses over the edge.
What makes this situation even more frustrating, is that we have supplied the Prime Minister, the Chancellor and every MP with independent research that shows that CUTTING fuel taxes would not actually cost the Government any revenue. Even a modest cut of 2.5p per litre would create 175,000 new jobs and boost the economy by 0.33%. The taxes generated from this economic growth would balance out any lost revenue from the fuel duty cut.
Please, even if you have done this before, send a message to your MP by clicking on the participate link http://action.fairfueluk.com/CutFuelDutyNow.
We have studied the replies from MPs to our earlier emails and it's clear that our central campaign message is not getting through. Given the seriousness of the fuel price scandal, and the little time left before the Budget, we have to do all we can to make sure that our voice is heard.
In recent weeks, our number of supporters has grown dramatically but we need more. The more people we have behind us, the more powerful our voice. Please ask all your family, friends, customers and contacts to sign up at www.fairfueluk.com. Every sign up (and its free!) really helps.
Much of our campaigning is done across the internet which enables us to keep costs down whilst reaching out to tens of thousands of people. The best way you can help us have a visible presence as a campaign is to get a campaign sticker. A huge showing of these on the roads and motorways of Britain helps keep this vital issue in the eyes of the media and of the politicians and it helps fund the campaign get some here
Thanks for your support as ever...
Quentin Willson & the FairFuelUK Team
What makes this situation even more frustrating, is that we have supplied the Prime Minister, the Chancellor and every MP with independent research that shows that CUTTING fuel taxes would not actually cost the Government any revenue. Even a modest cut of 2.5p per litre would create 175,000 new jobs and boost the economy by 0.33%. The taxes generated from this economic growth would balance out any lost revenue from the fuel duty cut.
Please, even if you have done this before, send a message to your MP by clicking on the participate link http://action.fairfueluk.com/CutFuelDutyNow.
We have studied the replies from MPs to our earlier emails and it's clear that our central campaign message is not getting through. Given the seriousness of the fuel price scandal, and the little time left before the Budget, we have to do all we can to make sure that our voice is heard.
In recent weeks, our number of supporters has grown dramatically but we need more. The more people we have behind us, the more powerful our voice. Please ask all your family, friends, customers and contacts to sign up at www.fairfueluk.com. Every sign up (and its free!) really helps.
Much of our campaigning is done across the internet which enables us to keep costs down whilst reaching out to tens of thousands of people. The best way you can help us have a visible presence as a campaign is to get a campaign sticker. A huge showing of these on the roads and motorways of Britain helps keep this vital issue in the eyes of the media and of the politicians and it helps fund the campaign get some here
Thanks for your support as ever...
Quentin Willson & the FairFuelUK Team
From CEBR,
The Centre for Economics and Business Research, Cebr was requested by the FairFuelUK campaign to investigate whether an economic case could be made to support its view that a cut in fuel duty could generate more tax revenues from across the wider economy as a result of increased economic growth and business and consumer confidence.
To do so, Cebr undertook an independent assessment of the wider economic impact of a reduction in fuel duty and, then, whether the loss of tax revenues from such a reduction could expect to be compensated through the greater taxation from other sources and the reduced social welfare commitments that would result from the fiscal stimulus that such fuel duty reductions would provide to the UK economy.
Our findings suggest that a 2.5 pence reduction in fuel duty would result in the creation of 175 thousand jobs within a year and 180 thousand jobs within five years of such a reduction. Such a reduction, we estimate, would not result in any fiscal loss to the Government, while GDP would receive a boost of 0.32 per cent within a year and 0.34 per cent within five years.
We find that a more significant 5 pence reduction could generate an additional 200 thousand at a net annual cost to the Exchequer of around 1.2 billion within a year, which would fall to 1.0 billion per annum within 5 years. The boost to GDP would be smaller in this scenario; 0.28 per cent after a year and 0.30 per cent after 5 years.
These are not insignificant impacts in the current climate of less than 1 per cent annual growth. But this is not to mention the intangible benefits that could flow from the morale boost provided to consumers by helping to alleviate the current squeeze on their disposable incomes.
The Centre for Economics and Business Research, Cebr was requested by the FairFuelUK campaign to investigate whether an economic case could be made to support its view that a cut in fuel duty could generate more tax revenues from across the wider economy as a result of increased economic growth and business and consumer confidence.
To do so, Cebr undertook an independent assessment of the wider economic impact of a reduction in fuel duty and, then, whether the loss of tax revenues from such a reduction could expect to be compensated through the greater taxation from other sources and the reduced social welfare commitments that would result from the fiscal stimulus that such fuel duty reductions would provide to the UK economy.
Our findings suggest that a 2.5 pence reduction in fuel duty would result in the creation of 175 thousand jobs within a year and 180 thousand jobs within five years of such a reduction. Such a reduction, we estimate, would not result in any fiscal loss to the Government, while GDP would receive a boost of 0.32 per cent within a year and 0.34 per cent within five years.
We find that a more significant 5 pence reduction could generate an additional 200 thousand at a net annual cost to the Exchequer of around 1.2 billion within a year, which would fall to 1.0 billion per annum within 5 years. The boost to GDP would be smaller in this scenario; 0.28 per cent after a year and 0.30 per cent after 5 years.
These are not insignificant impacts in the current climate of less than 1 per cent annual growth. But this is not to mention the intangible benefits that could flow from the morale boost provided to consumers by helping to alleviate the current squeeze on their disposable incomes.
ringram said:
Higher prices = less congestion, faster travel and more smiles
I dont mind.
Id rather pay a few pence more a day than sit in bumper to bumper traffic so some single mom can drive to the offy for some more meths and smokes.
Sadly, the reality seems to be that we get stuck behind people driving incredibly slowly in order to "save fuel".... It only takes a few muppets doing that to lead to the bumper-to-bumper scenario.I dont mind.
Id rather pay a few pence more a day than sit in bumper to bumper traffic so some single mom can drive to the offy for some more meths and smokes.
ringram said:
Higher prices = less congestion, faster travel and more smiles
I dont mind.
Id rather pay a few pence more a day than sit in bumper to bumper traffic so some single mom can drive to the offy for some more meths and smokes.
I used to think like the above then had an actual look at the money I was spending on fuel. Even though it works out at approx an extra 1.20 a tank for me, and I use 2 tanks a month commuting it only adds to an already large monthly cost. Plus it tips it over a round amount which has a psychological effect too.I dont mind.
Id rather pay a few pence more a day than sit in bumper to bumper traffic so some single mom can drive to the offy for some more meths and smokes.
I even drive the wife's old diesel to save costs, but I hate it so will get rid soon, still economy still plays a part in the next car choice, no more V8 commuting for me.....
FYI Petrol is currently 145.9 and Diesel 150.9 here.
Wow, filled up at 133.9 this AM. Helps to live next to Bunsfield I guess.
Blew a tank today driving from London to Sheffield and half way back.
Sure the cost hurts, but congested roads would be worse. I wouldnt drive at all then.
The roads have been noticeably quieter over the last couple of years.
Blew a tank today driving from London to Sheffield and half way back.
Sure the cost hurts, but congested roads would be worse. I wouldnt drive at all then.
The roads have been noticeably quieter over the last couple of years.
I spend my life on the road, can't say I've noticed much difference. M25, the Dartford crossing, Kent, Essex, Herts, suffolk, Norfolk, London etc still all seem congested to me.
It's worrying how the price held just under the pound for ages and then as soon as it passed the pound, it's rocketed. I don't pay to fill the Mazda up, but I fill it several times a week and sometimes on a busy week I fill it everyday. That's around 45liters a fill and it's now running at around 65. No wonder I have 3000 tesco points again after cashing them all in at Christmas for another watch.
Seriously though, the price must be killing business, and all those in their Eco or electric cars who think it dosent affect them must be pretty thick because it affects us all as the cost is passed down the line.
As for the petition or writing to an MP, you may as well go and find a tree to talk to. More chance of it listening.
It's worrying how the price held just under the pound for ages and then as soon as it passed the pound, it's rocketed. I don't pay to fill the Mazda up, but I fill it several times a week and sometimes on a busy week I fill it everyday. That's around 45liters a fill and it's now running at around 65. No wonder I have 3000 tesco points again after cashing them all in at Christmas for another watch.
Seriously though, the price must be killing business, and all those in their Eco or electric cars who think it dosent affect them must be pretty thick because it affects us all as the cost is passed down the line.
As for the petition or writing to an MP, you may as well go and find a tree to talk to. More chance of it listening.
16p a gallon increase. Is that on top of the 5 or 6p it's gone up this week already? Where I live it's already 1.40 or more per litre of unleaded and 1.45+ for diesel.
Remember when this government were voted in. the Chancellor cut fuel duty by 1p to "help the working person". Within a few days the oil companies were on about increasing it even more and the reply from the Chancellor was "we can't do anything to stop oil companies increasing their prices."
What a pathetic weak flaky wet watery powerless excuse for a lame duck turd.
Remember when this government were voted in. the Chancellor cut fuel duty by 1p to "help the working person". Within a few days the oil companies were on about increasing it even more and the reply from the Chancellor was "we can't do anything to stop oil companies increasing their prices."
What a pathetic weak flaky wet watery powerless excuse for a lame duck turd.
malc350 said:
16p a gallon increase. Is that on top of the 5 or 6p it's gone up this week already? Where I live it's already 1.40 or more per litre of unleaded and 1.45+ for diesel.
Remember when this government were voted in. the Chancellor cut fuel duty by 1p to "help the working person". Within a few days the oil companies were on about increasing it even more and the reply from the Chancellor was "we can't do anything to stop oil companies increasing their prices."
What a pathetic weak flaky wet watery powerless excuse for a lame duck turd.
Sadly he's right - there's nothing the UK can do about oil prices, it would have to be a global effort. Haven't you heard that oil-tankers (ships that is) get re-routed to maximise revenue for the oil companies? However, taxation is a different matter, we do get scr*wed and the government does have the scope to put the tax burden elsewhere...but no government in living memory has done anything other than scr*w us more.Remember when this government were voted in. the Chancellor cut fuel duty by 1p to "help the working person". Within a few days the oil companies were on about increasing it even more and the reply from the Chancellor was "we can't do anything to stop oil companies increasing their prices."
What a pathetic weak flaky wet watery powerless excuse for a lame duck turd.
whoes worked it out yet,since 2008 when the banking crisis hit the pound in your pocket has lost best part of 50% of its buying power due to quantative easing ,printing s
t loads of paper money and devaluing what you spend at the shops.all camodities ie=petrol,food,gas,electric seems as if its got more expensive ,NO your pound has lost buying power,its all simtoms of QE,and its not going to get any cheeper any time soon which is a real pain when you drive a V8.
t loads of paper money and devaluing what you spend at the shops.all camodities ie=petrol,food,gas,electric seems as if its got more expensive ,NO your pound has lost buying power,its all simtoms of QE,and its not going to get any cheeper any time soon which is a real pain when you drive a V8.And the reality is - if you buy a car that have really good fuel economy it going to cost you far more in terms of purchase price than similar vehicles. I have a theory that taking an average annual mileage of say, 20000 miles, factor-in purchase cost of the vehicle and fuel used over the one year period it probably makes little difference in terms of total costs per mile whether you run the latest fuel efficient car or an old banger with higher fuel consumption.
tortop45 said:
whoes worked it out yet,since 2008 when the banking crisis hit the pound in your pocket has lost best part of 50% of its buying power due to quantative easing ,printing st loads of paper money and devaluing what you spend at the shops.all camodities ie=petrol,food,gas,electric seems as if its got more expensive ,NO your pound has lost buying power,its all simtoms of QE,and its not going to get any cheeper any time soon which is a real pain when you drive a V8.
Can this be translated into English please?t loads of paper money and devaluing what you spend at the shops.all camodities ie=petrol,food,gas,electric seems as if its got more expensive ,NO your pound has lost buying power,its all simtoms of QE,and its not going to get any cheeper any time soon which is a real pain when you drive a V8.malc350 said:
tortop45 said:
whoes worked it out yet,since 2008 when the banking crisis hit the pound in your pocket has lost best part of 50% of its buying power due to quantative easing ,printing st loads of paper money and devaluing what you spend at the shops.all camodities ie=petrol,food,gas,electric seems as if its got more expensive ,NO your pound has lost buying power,its all simtoms of QE,and its not going to get any cheeper any time soon which is a real pain when you drive a V8.
Can this be translated into English please?t loads of paper money and devaluing what you spend at the shops.all camodities ie=petrol,food,gas,electric seems as if its got more expensive ,NO your pound has lost buying power,its all simtoms of QE,and its not going to get any cheeper any time soon which is a real pain when you drive a V8.tortop45 said:
Its not to hard to follow.the bank of england has been devaluing the pounds in your pocket over the last phue years,your pound notes look the same,smell the same but don,t buy as much,look at the dollars to pound exchange rates ,its about $1.50 to the pound i think but the US has been devaluing there curruncy as well so it looks like nothing has changed,its all an elution ,at this moment in time there are currancy wars going on its all about keep the value of lets say the pound low to make are exports cheeper to buy .So lets say you had 100 pounds in your pocket in 2008 and the same in your pocket today its lost 50 of its value.so don,t keep lots of paper money stuffed in you bed buy gold instead .
Look on the bright side - if we were stuck in the Euro we wouldn't be able to devalue so we really would be up sh*t creek!I don't know if its because the budget is tomorrow, but all the garages I passed at lunchtime today have put the prices up by a penny since yesterday.......call me cynical but if theres a drop in price its now from the "new" price and if it goes up, ditto.
Plus they all charge the same, cartel?
Prices now £1.46.9 for U/L, £1.51.9 for diesel/v-power.
Plus they all charge the same, cartel?
Prices now £1.46.9 for U/L, £1.51.9 for diesel/v-power.
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