Wednesday, 28 November 2012

Govt rip off the motorist again 3 p rise in petrol Jan 2013

Yet again the Current Govt. have decided that the motorist is the best place to fund it’s profligate spending on propping up banksters, an overspent MOD a huge welfare bill and have decided to squeeze everyone with more duty on fuel. This is absurd given that they will be just fueling inflation at the very time when heating, electricity bills etc. have been increased by 6 – 9% ! Triple dip recession here we come.
With large businesses like Amazon Vodaphone, Starbucks and others all dodging their tax bills with tax avoidance schemes we the public are being forced to pay.

Spending on petrol has been reduced and Vol. of petrol sales has fallen by 15% since the credit crunch started as people use less on fuel. This has to correspond with a fall in tax take so they have decided the only way around this is to tax more to make it up.

You have to question when all the pips will have been squeaked and given the fact that fuel consumption has been falling it seems bonkers that they think they can get much more out of the motorist. With 60% of the price of fuel being tax the only way around this is to go for cheaper fuel options – LPG which has a 18 months – 2 year payback period has to be the only way forward as the maths get more and more viable for many.

My view is if you are fed up paying the tax man for the errors of others – switch to LPG and save now.