Taxi Driver Online

so (assuming labour win the next election (or that the tories win but decide its a good idea and keep it) fuel DUTY will rise by 6p/ltr by 2013, PLUS the VAT payable on the duty at 17.5%....7.05p a ltr (32p a gallon) and thats besides any rise by the oil companies...


http://www.youtube.com/watch?v=Rp6-wG5L ... re=related

and doesnt he realise anyone heading for the new 50% tax rate by earning £150K+ a year will have measures in force to minimise tax liabilites, wheras joe public on £15K a year will be paying the extra on his fuel bill to get to work?....

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Of all the things ive lost, i miss my mind the most

Thus making public transport a more attractive idea

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Note to self: Just because it pops into my head does NOT mean it should come out of my mouth!!

Get real! We are in a deflation situation. That would mean that the duty could fall each year.

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Grandad,

Well there was some good news, for most of us.
Those with a 3 or 4 year old car with over 100k on the clock will gain due to the guaranteed 2K trade in
But the bad news is we wont be able to afford to run them due to the duty increase on fuel, and having no punters as most will be on the dole

can you send me the business model for that please?

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Of all the things ive lost, i miss my mind the most

Funny he said it was for cars over 10 years old!

Vehicles over ten years old which owners have driven for more than twelve months will be worth £2,000 when traded in for a new car as part of the Government’s new scrappage scheme. It is estimated that 300,000 drivers could benefit from the scheme, announced in today's Budget.

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Life? Don't talk to me about life!
http://www.youtube.com/watch?v=wjm2eslm6hI

If they have the average mileage of 120K that will make them 10 years old
have you tried to trade one in recently

Yes

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Life? Don't talk to me about life!
http://www.youtube.com/watch?v=wjm2eslm6hI

How many people out there that can only afford to run a 10-year old motor will suddenly find the rest of the money to fund a new one?

FFS, if these people didn't have the money in the good years, then what chance have they in the bust years?

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IDFIMH

I wondered how long it would be before anyone pointed that out, who is running a 1999 vehicle now who would be in the market to spend £8000 or more? - and whats the choice of "UK built" left to buy?...

as for the same offer for "white van men" most big outfits like DHL, etc, demand a vehicle 3 years old or less to let you in the gates!, 1999 would be a smiley transit or LDV sherpa...

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Of all the things ive lost, i miss my mind the most

I know a few people with 1990-1994 limos that they can't sell for £2000 who could be interested.

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Grandad,

The inflation figures showed a faal to -.4% last month. If the figure goes to below -1% then that would mean that fuel duty would have to fall.

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Grandad,

so duty is linked to the rate of inflation?

do you mean the fuel escalator?

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Of all the things ive lost, i miss my mind the most

Fuel Tax

Fuel tax is an imposed sales tax put on the sale of fuel. Frequently, fuel tax is looked upon as a source of general revenue, with some being put towards the maintenance of roads and highways.

(HA FLIPPING HA)


Fuel Tax in the UK

Fuel tax in the UK is constantly changing and has risen steadily over the last 15 years. Between 1993 and 1999 there was a rapid increase with duties on fuel increasing by 3% above inflation. This was due to a major change in petrol taxation in 1993 when the Conservatives introduced the Fuel Price 'escalator'. This was a way of the government making money and also to help protect the environment by discouraging people from using their cars.



Fuel Escalator Forces Prices Up

This fuel escalator forced prices up from one of the lowest in Europe to now one of the most expensive. When it was first added, fuel prices rose by 3 pence a litre and tax contributed to 72.8% of the total cost. By 1997 the escalator had added 11.1p to the cost of unleaded petrol and was at 75%. It didn't get any better when the conservatives left office and Gordon Brown took over, as the escalator increased and 3 pence was added per litre. This took tax up to an incredible 81.5% of the total price of fuel.

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Of all the things ive lost, i miss my mind the most

No plan to use the fuel escalator, insists Brown

By Sarah Schaefer, Political Correspondent

Monday, 23 October 2000


Gordon Brown was forced to insist last night that he would not increase fuel duty above the rate of inflation after a minister raised the option during a television interview.

Gordon Brown was forced to insist last night that he would not increase fuel duty above the rate of inflation after a minister raised the option during a television interview.

The Chancellor said he had no plans to bring back the fuel duty escalator under which the cost of petrol automatically rose in excess of inflation with every Budget statement. He ditched the escalator last year.

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Fuel Price Escalator
From Wikipedia, the free encyclopedia
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The Fuel Price Escalator (FPE) was the practice of automatically increasing hydrocarbon oil duty (better known as 'fuel tax') in the United Kingdom ahead of inflation. The escalator was introduced as a measure to stem the increase in pollution from road transport and cut the need for new road building which was then a politically sensitive topic. The escalator also resulted in significant increases in revenue for The Treasury.

The fuel price escalator was introduced by the Conservative government in 1993 and set at an annual increase of 3% ahead of inflation, later rising to 5%. After gaining power in 1997, the rate of increase was raised by the Labour government to 6% per year. The last rise due to the escalator took place following the budget on 9 March 1999 [1].

The end to the escalator was announced on 9 November 2000, following the UK fuel protests, of which it was a contributory factor. When the escalator ended, fuel in the UK was the most expensive in Europe, with fuel tax representing over 75% of the retail price of fuel. In 1993 UK fuel had been amongst the cheapest in Europe.

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Of all the things ive lost, i miss my mind the most