Saturday, 26 March 2011

Petrol price Up or Down?

George Osbourne cut the fuel duty by 1p earlier this week in his budget speech and try to fool the public that this was a massive concession which will ease the pain of Tory cuts.
In January he raised the VAT by 2.5% to 20%.  This increase in VAT put the price of litre of petrol up by 3p.  So by reducing the duty on fuel by 1p means that the there is a net increase of 2p per litre.
The Cuts are hurting people.
If there was shortage of money, we will not be bombing Libya!!

These are ideological cuts and a matter of choice.

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