Increasing fuel <span title="prices...................?">prices......................</span>

Question

how many wars and how many fights will be had due to the increase in prices?

I think the sights seen in brussels is just the start.........

Answer 1

A great human characteristic is compassion. Are we not taught to help those less fortunate than ourselves and that greed is a sin? What example does the government set? They are truly profiting from our suffering. New Labour? The mask of this democracy is slipping.

Answer 2

I agree with Knowno... LOL

Only the English!!!

Answer 3

I CAN&#039;T STAND THIS GOVERNMENT! It&#039;s become a joke, the i really have begun to HATE this country and the greedy b******s that run it.

Answer 4

Agree , prophesed 1.60 per litre in a years time , pont of no return is now , the tension in France and Belgium is high especially France . Brussels gets it because of E.U. offices , i&#039;d say mostly french protesters there today , looks like a good weekend coming up , germans are up for it too ( dairy farmers that is ) I think we should have a British contingent there , save your milk bottles don&#039;t recycle ( petrol bombs ) . Wish i could get there .

Answer 5

I think all over the European Union, people are beginning to realise that the Governments are taking far too much taxation from the increase in fuel prices, they should all reduce the VAT especially for industries that need fuel, such as wagon drivers, fishermen etc.....and eventually there will be riots in the streets....well everywhere except UK of course...we will just go on paying.

Answer 6

Being uneducated in the field of economics I am trying to understand why Gordon Brown cannot instruct his chancellor to reduce the tax on a litre of petrol / diesel.

I understand that the government receives 75% duty from the price we pay at the pump (I appreciate the base rate of fuel is dictated by the external economy rather than British parliament).

So by my basic calculations when the price of diesel last year was 90p per litre the government would receive 67.5p in duty and 22.5p of our money would go towards the fuel itself.

As of May 28th 2008 the price of diesel is around 130p per litre, the government will receive 97.5p in duty and 32.5p of our money would go towards the fuel itself. If I haven’t miscalculated (I did only get a C in maths!) the increase in revenue from fuel duty is around 45%.

Can the chancellor not reduce the duty by approximately half and still receive the same amount, if not slightly more money, than they were receiving before the hike?

Am I looking at the scenario too simplistically? Have I miscalculated? Are my facts incorrect?

I am all too happy to be put right on the subject as I’m sure I’ve missed something glaringly obvious but on the face of things it appears our labour government is profiteering? Again.