Petrol Price Review: OFT and Graham_Devon join forces

JonnyBravo

After today's revelations.....

Graham_Devon wrote: »

Fuel is up 38% since June 2007.

Not linked to any mathmatics people may wish to carry out...just putting the figures across.

The Govt have decided they can ignore it no longer.
Now heavyweight commentators have started to highlight this issue it really only was a matter of time until

"Petrol and diesel price review is launched by OFT"

http://www.bbc.co.uk/news/business-19489908


It is not yet clear what other information they will be asking Graham_Devon for but he is expected to be a leading source of information.

Graham_Devon

They've already called. I told them my fee was £15,000 a month, payable over the 24 months it will take me to decide they should do absolutely nothing, though they should probably call for a review again in 22 months.

They stated I couldn't possibly complete a review within 24 months, and therefore I was wasting their time.

purch

Graham_Devon wrote: »

I was wasting their time.

Never....:eek:

CLAPTON

Graham_Devon wrote: »

They've already called.

I told them my fee was £15,000 a month.

don't under sell yourself.
ask for a knighthood as well.

Graham_Devon

CLAPTON wrote: »

don't under sell yourself.
ask for a knighthood as well.

I'd have to rip the country off for one of them.

purch

50,000 posts buys you an MBE

ruggedtoast

A significant chunk of the price paid by consumers on petrol is tax, which will not be covered by the review.

What a surprise.

Loughton_Monkey

Graham_Devon wrote: »

........I told them my fee was £15,000 a month........

That's where you went wrong. A mere £750 per day for consultancy work?

The going rate for normal Government contracts is nearer £2,000 to £3,000 a day.

To get consultancy work, you have to charge at least £1,200 a day. Money for old rope. Consultancy work merely requires you to steal their watch and then charge them to tell them what time it is.

The_White_Horse

the only problem with the price of petrol/diesel is the TAX.

we would be paying about 40-50p a litre if it wasn't for the tax on it.

reduce tax on petrol and pay for it by reducing benefits and public sector pensions and pay. easy.

N1AK

The_White_Horse wrote: »

we would be paying about 40-50p a litre if it wasn't for the tax on it.

reduce tax on petrol and pay for it by reducing benefits and public sector pensions and pay. easy.

I do ~18,000 personal miles a year and the last thing I want the government to do if it is going to cut taxes is cut them on fuel. A tax on fuel encourages people to buy more efficient cars and potentially walk once in a while; ultimately it encourages more sustainable behaviour, which is about as useful as a tax can be.

Tax changes that encourage/benefit people for getting into work and provision of more jobs and training will do a lot more good than making it cheaper to run gas guzzling cars.

Mr_Mumble

N1AK wrote: »

I do ~18,000 personal miles a year and the last thing I want the government to do if it is going to cut taxes is cut them on fuel.

Well I do 0 miles a year and have been on a five mile walk today... and of course I want there to be no tax (at the pump*) on petrol.

A tax on fuel encourages people to buy more efficient cars and potentially walk once in a while; ultimately it encourages more sustainable behaviour, which is about as useful as a tax can be.

Being "sustainable" is meaningless, we didn't end the iron age by running out of iron! The vast majority of the world's surface hasn't been explored for oil and thanks to the modern wonders of horizontal-fracking natural gas is going to become an economically viable alternative in the next 5-10 years (it already is in heavy trucks and buses).

Tax changes that encourage/benefit people for getting into work and provision of more jobs and training will do a lot more good than making it cheaper to run gas guzzling cars.

The cost of transport to ones place of work is a huge disincentive to work! Many people on below average wages are hammered by fuels on tax - there are far fewer pizza delivery peeps because the customer has to pay that cost (whether explicit or implicit).


* I don't mind the taxes on production as much because it is ultimately a finite resource 'owned' by the populous and as Osborne has found out production can be surprisingly elastic when you make drilling uneconomical compared to other sources.