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  • FIRST POST
    • Former MSE Helen
    • By Former MSE Helen 26th Jun 12, 9:06 AM
    • 2,324Posts
    • 971Thanks
    Former MSE Helen
    MSE News: Labour calls for fuel duty rise postponement
    • #1
    • 26th Jun 12, 9:06 AM
    MSE News: Labour calls for fuel duty rise postponement 26th Jun 12 at 9:06 AM
    "Ed Balls is urging the Government to use the Olympics underspend to cover the cost of scrapping an increase in fuel duty..."

Page 1
    • Trebor16
    • By Trebor16 26th Jun 12, 9:50 AM
    • 2,906 Posts
    • 2,604 Thanks
    Trebor16
    • #2
    • 26th Jun 12, 9:50 AM
    • #2
    • 26th Jun 12, 9:50 AM
    "The Government should be giving our economy a boost – not clobbering families, businesses and pensioners just at the wrong time."

    How easily Balls forgets how his government clobbered us with loads of additional taxes and a legacy of debt that will take decades to pay off, thanks to their economic mismanagement.
    • Mrs Arcanum
    • By Mrs Arcanum 26th Jun 12, 9:54 AM
    • 19,962 Posts
    • 42,507 Thanks
    Mrs Arcanum
    • #3
    • 26th Jun 12, 9:54 AM
    • #3
    • 26th Jun 12, 9:54 AM
    Of all the ideas that Labour have come up with, this is actually sensible.
    You don't gain an o when you lose.
    “We put all our politicians in prison as soon as they’re elected. Don't you?" "Why?” “It saves time.” - Terry Pratchett, The Last Continent.
    • worried jim
    • By worried jim 26th Jun 12, 10:07 AM
    • 10,175 Posts
    • 15,819 Thanks
    worried jim
    • #4
    • 26th Jun 12, 10:07 AM
    • #4
    • 26th Jun 12, 10:07 AM
    Yeah right. I could just see Labour helping the motorist if they were in power (thank God there not). What a bunch of two faced back stabbers.
    "Only two things are infinite-the universe and human stupidity, and I'm not so sure about the universe"
    Albert Einstein
  • Foxy-Stoat
    • #5
    • 26th Jun 12, 10:28 AM
    Is this REALLY news?
    • #5
    • 26th Jun 12, 10:28 AM
    Based using a 40mpg car the annual "savings" the Labour's are striving for are as follows, per car:

    6,000 miles a year = £20.25
    12,000 miles a year = £40.50
    25,000 miles a year = £84.38

    Well zip-a-de-do-da, I am sure if you bought a couple of rounds of drinks at a wedding you would spend more than this !!!!

    I am sure the folk who actual drive the cars are losing more money each year by the increases in energy bills and other everyday items.
    • prowla
    • By prowla 26th Jun 12, 10:35 AM
    • 10,304 Posts
    • 8,673 Thanks
    prowla
    • #6
    • 26th Jun 12, 10:35 AM
    • #6
    • 26th Jun 12, 10:35 AM
    Erm, how can any Olympics underspend be specifically offset against one item?
    Surely it should just go back into the general pot of government money and thereby reduce the extra that is required.
    • RDF
    • By RDF 26th Jun 12, 11:12 AM
    • 5 Posts
    • 1 Thanks
    RDF
    • #7
    • 26th Jun 12, 11:12 AM
    • #7
    • 26th Jun 12, 11:12 AM
    In 2003 57% of drivers exceeded the speed limit on motorways, in 2010 this was down to 49% and is still falling. Main reason for this is increased fuel costs. If people wish to save money then they have an option of reducing their speeds (25% fuel saving if speed is reduced from 70 to 50) - source Economist June 9th. The government need money to pay for all that debt we have incurred by bad management in the past, the rich have bigger cars that drink more petrol. Sounds to me like the ideal way of collecting more. Come on Labour think through what you are saying and be responsible rather than appealing to base instincts of everyone to get votes.
    • dtaylor84
    • By dtaylor84 26th Jun 12, 11:32 AM
    • 635 Posts
    • 519 Thanks
    dtaylor84
    • #8
    • 26th Jun 12, 11:32 AM
    • #8
    • 26th Jun 12, 11:32 AM
    Perhaps the £500million underspend should be used to offset the £3.5billion overspend last month, from unexpected borrowing: http://www.guardian.co.uk/business/2012/jun/26/uk-government-borrowing-higher-expected
    • Rotor
    • By Rotor 26th Jun 12, 11:43 AM
    • 949 Posts
    • 1,061 Thanks
    Rotor
    • #9
    • 26th Jun 12, 11:43 AM
    • #9
    • 26th Jun 12, 11:43 AM
    What underspend? We were told when London bid for the olympics that it would cost around £2.5 billion. It's now nearer £9 billion.
    It's a 3.5x overspend now rather than 4x overspend. Move along ; No savings to see here!
    • Herzlos
    • By Herzlos 26th Jun 12, 11:46 AM
    • 9,565 Posts
    • 8,993 Thanks
    Herzlos
    the rich have bigger cars that drink more petrol. Sounds to me like the ideal way of collecting more. Come on Labour think through what you are saying and be responsible rather than appealing to base instincts of everyone to get votes.
    Originally posted by RDF
    Well, no.

    The rich can afford to buy more expensive cars which use less fuel. The poor are generally forced to keep whatever car they already have, which being a bit older may not be very economical at all. 40mpg may be common now but there are a lot of older petrol cars, particularly full-size family cars (now deemed gas guzzlers) that manage a lot less, especially if they are having mechanical problems.

    So the people being hit by fuel increases are the folk who can't afford to upgrade to more economical cars.

    The knock-on effect is then that people will drive less, or spend money on fuel, meaning they have less money or less opportunity to put money back into the economy via shopping or leisure spending.
    • pooch
    • By pooch 26th Jun 12, 12:17 PM
    • 793 Posts
    • 378 Thanks
    pooch
    "Ed Balls is urging the Government to use the Olympics underspend to cover the cost of scrapping an increase in fuel duty..."
    Originally posted by MSE Helen

    Cost of Olympics to spiral to £24bn... TEN TIMES higher than 2005 estimate

    Read more: http://www.dailymail.co.uk/news/article-2092077/London-2012-Olympics-cost-spiral-24bn--10-TIMES-higher-2005-estimate.html#ixzz1ytvEmhYu




    With accountancy skills like that, is it no wonder the last administration left this country on it's knees?
    • cepheus
    • By cepheus 26th Jun 12, 1:46 PM
    • 19,216 Posts
    • 20,338 Thanks
    cepheus
    Well any opposition party can say this, except perhaps the greens, but someone has to collect the coppers and we are supposed to be weaning ourselves off carbon altogether.

    Unfortunately as cars become more efficient less fuel tax is collected and taxes fail to restrain travel. The law of unintended consequences.

    The horrible fact which everyone doesn't want to hear is that taxes need to go up somewhere from something to fill in the shortfall! What is is going to be?

    It seems that we can't increase taxes when fuel prices go up, we can't increase them as they come down, so when can they be increased? Our carbon targets are a complete sham.

    People who complain should be forced to fill in a spreadsheet so they are forced to balance the sheet such as reduced fuel tax means greater income tax or greater lung problems combined with reduced funds for health service etc.

    That should make me unpopular making people face facts!
    Last edited by cepheus; 26-06-2012 at 1:51 PM.
    • aurelieweill
    • By aurelieweill 26th Jun 12, 1:48 PM
    • 31 Posts
    • 33 Thanks
    aurelieweill
    Britain's debt is raising thanks to Labour bankrupting our nation. They can call for all things, but the reality is that consumption taxes (VAT, duties on fuel, tabaco, alcohol etc) should raise, while the income tax threshold should raise.
  • scottishperson2
    Ed Balls, the man who flipped his house 3 times in 2 years to scam the tax-payer.
  • Plushchris
    Fuel prices pretty much doubled while Labour were in power.

    Calling for a delay in putting prices up? Do they really think we've forgotten what they let happen in the first place.
    Missing Tesco R&R since Feb '07 & now a "Tesco veteran" apparently!
    • fivetide
    • By fivetide 26th Jun 12, 2:36 PM
    • 3,676 Posts
    • 3,936 Thanks
    fivetide
    http://www.bbc.co.uk/news/uk-politics-18588855

    Scrapped. Although Labour would do well the remember they raised the fuel duty escalator to 6% while in power then frittered away the cash.

    5t.
    What if there was no such thing as a rhetorical question?
    • KTF
    • By KTF 26th Jun 12, 3:46 PM
    • 4,725 Posts
    • 1,939 Thanks
    KTF
    It was never going to happen in the first place.

    They announced it so they could pull it later in attempt to make it look like they 'care' and keep the great unwashed happy.
    • chanz4
    • By chanz4 26th Jun 12, 4:05 PM
    • 10,018 Posts
    • 2,981 Thanks
    chanz4
    They will do like they did with vat, double the amount on the increase
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
    • dggar
    • By dggar 26th Jun 12, 4:18 PM
    • 583 Posts
    • 280 Thanks
    dggar
    Delaying the rise until January means the increase will not now be reflected in the September CPI/RPI figures.

    And what calculations are based on the September figures ????
    Last edited by dggar; 26-06-2012 at 4:25 PM.
    • gilbert and sullivan
    • By gilbert and sullivan 26th Jun 12, 4:49 PM
    • 3,162 Posts
    • 2,140 Thanks
    gilbert and sullivan
    Seeing the mess they got us into, how come they have all the answers now, they do not deserve a fleeting moment of attention.

    Not as the current shower are anything to write home about either, borrowing up again, and not a clue what to do about it.

    All of them doing very nicely for themselves though thankyou, some things never change.
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