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A pointless new fuel hike...
Dazzler21
Posts: 51,578
So today sees a new fuel hike come into play which the oil companies will no doubt be blamed for.... But wait a moment read into the facts it's the government the oil companies will not profit from this in fact they'll probably take a hit! Also Vat will return to 17.5% at the end of summer! Aren't our government real sweethearts? Moan over... For now
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The VAT hike is from Jan,Gov't haul from petrol is 67.5% of retail price. This is just the tip of the iceburg as the Gov't start to claw back the money they hsave given the banks.
The vat reduction was a waste of money and could have been better targetting support rather than a blanket cut. Labour, Tories .. the lot are useless0 -
Meanwhile the gas companies who are buying it at an all time low are charging us way over the odds and reaping tons of profit.0
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I love the fact that they raise fuel duty by 2p, and then add VAT to that! Tax on tax - effin' slimeballs.0
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[quote][cite]Posted By: Shrew[/cite]Meanwhile the gas companies who are buying it at an all time low are charging us way over the odds and reaping tons of profit.[/quote]
But the good news, especially for pensioners ... 50% fuel increase predicted for winter!! Swine flu or hypothermia .. choose your poison!!0 -
A few weeks back the cost of a barrel of oil dropped to $60, so why didnt the prices at the pumps drop? The price of a barrel was the same when petrol at the pumps was 90p. The oil companies say it takes 6 weeks for the change to reach the pumps but they quickly put the price up when the cost of oil soars. This really does my head in0
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Spot on[cite]Posted By: Kap10[/cite]The VAT hike is from Jan,Gov't haul from petrol is 67.5% of retail price. This is just the tip of the iceburg as the Gov't start to claw back the money they have given the banks.0 -
Think VAT will go beyond 17.5 percent0
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Agree with Riscardo here. VAT will go up further, as will fuel duty.0
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It will probably got up to 20% to keep it inline with the continent. I have no idea why they put it down as now people are going to complain about it going up twice!0
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it was a panic sound bite like everythibng this rabble does ----------- no long term thought-------------only the next headline .
VAT 20% inless than a year.0 -
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Death sentence for the Labour Party in the next election.
Serves them right.
But look at the alternatives........
Egocentric, power hungry muppets, all of them. Can you trust a politician .... ?0 -
Oggy do you mean a real death sentance ? can i watch ? maybe join in a tad .
PS Trust no one the truth isnt out there !!!0 -
NO.0
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I noticed a car fill up for me back in January was £48....Petrol was under 90p litre....now its costing £62.00 the government has had us by the testicles for far too long.....now if only there was a party that offered to cut fuel prices and do away with speed cameras....lol0
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I believe VAT is going to be 18.5% when it goes back up. The real problem about the change in VAT rates is the amount of hassle in the background - all our contracts & processing had to be changed:[cite]Posted By: Kap10[/cite]The VAT hike is from Jan,Gov't haul from petrol is 67.5% of retail price. This is just the tip of the iceburg as the Gov't start to claw back the money they hsave given the banks.
The vat reduction was a waste of money and could have been better targetting support rather than a blanket cut. Labour, Tories .. the lot are useless
1. to the new rate
2. to handle deals done before the change & therefore stay at the old rate
3. to the NEW new rate (Jan 2010)
4. to handle deals done before the change & therefore stay at the old rate or the OLD new rate!
It's a pain in the arse for SAP config!0
