The BBC web site is reporting at Wednesday, 16 July 2008 10:08
"The planned 2p rise in fuel duty set for this October is to be postponed."
That is all of the statement so I asume it is hot hot news.
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BBC now saying
"Chancellor Alistair Darling said: "The global credit crunch and sharp rise in world oil prices have pushed up prices at the pump.
"Today's decision will help motorists and businesses get through what is a difficult time for everyone."
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So fuel will continue to rise like it's always done, but October's rise will be 2p less than it would have been.
That's going to be a big help.
Vote Labour!
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If this is indeed correct, it should "save" me about £80 a year
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If this is indeed correct it should "save" me about £80 a year
nick62
£80 @ 2p/litre means you are using 4000 litres a year.
How many mile do you drive?
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2p!?!?!
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Has not stopped my local Morrison's sticking 2p on UL this week anyway.
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Saving will be under £30 if you do about 12K miles at about 38/40mpg.
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Before we all start dancing round the petrol pumps, as ever, all is not what it seems. The Treasury is also 'suffering' a nice widfall, about £15 BILLION, due to higher crude prices, yes the North Sea is still supplying, and also the VAT component due to higher forecourt prices.
So no whoopee cushion for Darling if you please.
www.telegraph.co.uk/motoring/main.jhtml?xml=/motor...l
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The VAT on the increased fuel cost since December will more than pay for the postponement of the 2p duty rise. Darling must think we're all thick.
The Road Hauliers Association doesn't help by always banging on about fuel duty while completely ignoring VAT.
I'd like to see the VAT on fuel reduced also. Then Darling really would be doing something which he's not now.
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Oh, big deal! They should be cutting fuel tax, not just agreeing to not tax it further.
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