MSE News: Fuel duty 'could rocket' to reduce Treasury shortfall

mikey72

My big car costs about £2500 in petrol for 10k miles, the little one costs £1100 for the same distance. So even splitting 50/50, that's £700 less the £200 for tax, mot, and insurance, so I'm still £500 a year up, which more than covers depreciation on the big one.

gilbert_and_sullivan

Oh no not a chance, road pricing will be in addition to the current and any additional charges they can dream up.

The beast must be fed or it will die.

Narc

The environmental excuses to squeeze money out of motorists are silly. As soon as there is a popular viable alternative it will be taxed just as much because the gov't couldn't sustain the hige loss in tax revenue because the money obtained for fuel use is not largely put into helping the environmental problems it causes or invested into alternative fuel research.

wriggly

lucifersangel87 wrote: »

I am for and against road usage monitoring in equal measure. As Jeremy Clarkson once said, if they have a little black box in every car in england, they can tell where you are, where you are heading, and what speed you're going. Bye Bye speed cameras, hello fixed penalty black box fines.

I agree with you on this - the only organisations supporting this approach are the black box providers and satellite link companies.

However - the idea of being able to pay for the little amount of road I use (7 miles a day) to- and from- work, sounds like a very good and economical idea. It would also allow those with two cars to pay only for the car they are using, and not overpay for the luxury.

Yes, and this is what petrol duty does. You pay per mile, with the price adjusted by the fuel efficiency of your car. Simple, without the additional expense of black boxes to install, monitor and maintain.

blizeH

Good thing I'm selling a car that gets close to 60mpg, and have replaced it with a sports car that gets around 30mpg. D'oh...

AlexisV

If you suddenly increased prices to cover the £13 billion tomorrow, it's very likely you'd cause more than £13 billion of damage to the economy as a whole.

im-lost

hpw the hell is this even news?

by 2029? are the MSE team serious?

Any predicted fuel duty rise will be dwarfed by the cost of petrol by then.

mikey72

It'll have run out by then.

adamc260

mikey72 wrote: »

It'll have run out by then.

At the rate america chomps through it with their 15-20mpg SUV's for just driving up and down motorways it will!

broad-sword_2

Nothing new here... Whilst I do not consider myself a bandwagon jumper I've also always believed that it's best to get in whilst the carrot has only been taken by a few. Of course the government will always need to keep taxes rolling in, be as nimble as you can in the meantime.