Title: Fuel Prices Post by: Harby on September 06, 2005, 11:16:55 AM As most people know now fuel is going to be going over the pound barrier per litre, I was just wondering why we havent had the same uproar as we had when it was less than 80 pence per litre a couple of years back and all the haulage companies blocked everyone from delivering fuel.
These price increases are going to hurt everyone not just people who drive cars.Fair enough the cost of crude oil has gone up but we all know the main winners of this is the government how much longer can they keep taking there V.A.T and tax on this before we have another riot. Any thoughts? Title: Re: Fuel Prices Post by: ericstoner on September 06, 2005, 11:25:57 AM Me thinks we've been beaten into submission. and seem to let the government get away with anything.
I was gonna list examples but there to meny to list. Title: Re: Fuel Prices Post by: Ironside on September 06, 2005, 01:13:14 PM we havent had the same uproar as the government has now got laws in place to stop the blockades the oil compaines also have more control of their drivers and could force them out
the fact that oil is now nearly 80$ a barrel where as 2 years ago it was only 35$ a barrel also mean that people are more realistic we also know if the government cut the taxes on oil and therefore the price they would claim the tax back somewhere else Title: Re: Fuel Prices Post by: Harby on September 06, 2005, 01:36:35 PM Good point Ironside but how many litres of fuel do you get out of a barrell. We all know the main expense is tax and vat. I looked at and old fuel receipt in February and it was 81.9p a litre now it is 98.9p per litre.
Title: Re: Fuel Prices Post by: Ironside on September 06, 2005, 01:43:24 PM the main cost of a litre of petrol in this country is tax you just need to look at the cost of petrol in the usa to see that
the fact the cost of petrol in last 2 years has gone up over 50% in the usa and under 25% in the uk is also showing that we are not getting ripped off by the oil industry at present the major cost is tax and the only way we can get cheaper petrol is by cutting the tax at which point the government will increase a tax elsewhere Title: Re: Fuel Prices Post by: jammer on September 06, 2005, 02:27:41 PM VAT should be banned full stop.
There are no decent economic arguments for such a regressive tax. Title: Re: Fuel Prices Post by: TightEnd on September 06, 2005, 02:32:58 PM VAT should be banned full stop. There are no decent economic arguments for such a regressive tax. You've just got an economist here (B.A (Hons), PhD, MBA) very excited. This doesn't happen too often I'm going for a lie down for half an hour in case I decide to treat you to a quick discourse on relative elasticities of the demand for oil around the woirld. Title: Re: Fuel Prices Post by: tikay on September 06, 2005, 02:34:47 PM What a strange piece of logic Chesney!
1) We are obliged to have VAT by EEC rules. 2) If we scrapped VAT, the Government would simply claw back the lost revenue by imposing greater or more taxes elsewhere. The total Taxation requirement is what it is - it has to come from somewhere. How else would we subsidise the colonies? Title: Re: Fuel Prices Post by: TightEnd on September 06, 2005, 02:36:52 PM How else would we subsidise the colonies? any room in the Anderson shelter tikay? Title: Re: Fuel Prices Post by: tikay on September 06, 2005, 02:37:56 PM Hush now T-E, I think I've got it through.......
Title: Re: Fuel Prices Post by: Maroon on September 06, 2005, 02:38:56 PM Ooohh politics, I love it. Let's throw religion into the mix and all fall out with each other. ;)
Only thing more likely to cause an argument is the mother-in-law coming to stay at Christmas. ;D Title: Re: Fuel Prices Post by: Maroon on September 06, 2005, 02:39:32 PM Burn 'em!! Burn 'em!! ;)
Title: Re: Fuel Prices Post by: tikay on September 06, 2005, 02:41:48 PM No, not politics Maroon, just plain economics.
If you scrap VAT, the money will have to come from additional taxes elsewhere. Title: Re: Fuel Prices Post by: RED-DOG on September 06, 2005, 02:42:01 PM Nothing at all wrong with arguing, IE holding opposing views,done right it can be fun
Just don't get snotty about it Title: Re: Fuel Prices Post by: Maroon on September 06, 2005, 02:46:34 PM Tikay and Red-Dog, I agree whole heartedly but fear that any time politics/economics are discussed in a public forum there will be ill feeling which I truly do not wish for this great forum.
Title: Re: Fuel Prices Post by: jammer on September 06, 2005, 02:50:08 PM What a strange piece of logic Chesney! 1) We are obliged to have VAT by EEC rules. 2) If we scrapped VAT, the Government would simply claw back the lost revenue by imposing greater or more taxes elsewhere. The total Taxation requirement is what it is - it has to come from somewhere. How else would we subsidise the colonies? Sure, I realise that VAT is unavoidable Tikay, but idealistically I'd obtain the equivalent revenue from a progressive area such as income tax. VAT is infamous for impinging more detrimentally on the poorer in society as they spend a higher proportion of their disposable income on consumables. Petrol is a good example of how the well off will barely notice the change in prices in proportion to their income whereas your classic working class travelling salesman will be screwed. Why should products you buy be taxed? We are so used to it nowadays its just blindly accepted. Imho much better we eliminated the red tape of the multitude of tax regimes and had a single tax on income - check how much you earn on the graph and read off how much you owe. The bearucratic savings alone would be immense. 'Course I am aware it would never happen... Title: Re: Fuel Prices Post by: tikay on September 06, 2005, 02:58:53 PM Ahh, thats a different thing entirely.......
For my part, let's not go THERE...... Title: Re: Fuel Prices Post by: RED-DOG on September 06, 2005, 02:59:59 PM What about my mongoose?
and the other one? Title: Re: Fuel Prices Post by: jammer on September 06, 2005, 03:22:33 PM VAT should be banned full stop. There are no decent economic arguments for such a regressive tax. You've just got an economist here (B.A (Hons), PhD, MBA) very excited. This doesn't happen too often I'm going for a lie down for half an hour in case I decide to treat you to a quick discourse on relative elasticities of the demand for oil around the woirld. lol. You sound like you're gonna pop. ;D Ok, ok, the threats of a debate on the heteroskedasticity of oil consumption patterns have scared me off... Title: Re: Fuel Prices Post by: RED-DOG on September 06, 2005, 03:24:26 PM Yeah, what he said!
Title: Re: Fuel Prices Post by: Ironside on September 06, 2005, 03:25:33 PM i concurr
Title: Re: Fuel Prices Post by: tikay on September 06, 2005, 03:30:12 PM Chapter 5, para 2, of the "blonde let's cool it Task Force" "....chuck in a few long words, that shuts most of 'em up, & Red just goes cross-eyed". Nice one TightEnd...... Title: Re: Fuel Prices Post by: TightEnd on September 06, 2005, 03:41:15 PM ;)
Actually it was Chapter 2, but who's quibbling Title: Re: Fuel Prices Post by: Colchester Kev on September 06, 2005, 05:23:29 PM "....chuck in a few long words, that shuts most of 'em up, & Red just goes cross-eyed". OY RED CARD FOR GRANDAD ..... thats cross eyedist >:( Title: Re: Fuel Prices Post by: RED-DOG on September 06, 2005, 05:27:32 PM "....chuck in a few long words, that shuts most of 'em up, & Red just goes cross-eyed". OY RED CARD FOR GRANDAD ..... thats cross eyedist >:( And dumbassist Title: Re: Fuel Prices Post by: Colchester Kev on September 06, 2005, 05:29:01 PM [ And dumbassist I thought that was a thick guitar player ;) Title: Re: Fuel Prices Post by: Ironside on September 06, 2005, 05:30:03 PM leave adam M out of this
Title: Re: Fuel Prices Post by: RED-DOG on September 06, 2005, 05:30:33 PM [ And dumbassist I thought that was a thick guitar player ;) That joke was too clever for me Title: Re: Fuel Prices Post by: Colchester Kev on September 06, 2005, 05:31:45 PM you did say you play the guitar ;)
Title: Re: Fuel Prices Post by: Dewi_cool on September 06, 2005, 05:35:55 PM I can't discuss this right now, I'm far too busy
Title: Re: Fuel Prices Post by: RED-DOG on September 06, 2005, 05:45:32 PM you did say you play the guitar ;) Yes, and it is quite thick come to think of it Title: Re: Fuel Prices Post by: madasahatstand on September 06, 2005, 07:22:55 PM we should all boycott the big 2 petrol companies and instead buy fuel from little companies. this will bring the 2 giants to their knees in quick time if enough of us do it...................................the fuel prices will drop
Title: Re: Fuel Prices Post by: RED-DOG on September 06, 2005, 07:26:09 PM Mad, why do you make my antenna twich, who was the player that asked about me on Ladbrokes?
Title: Re: Fuel Prices Post by: madasahatstand on September 06, 2005, 07:33:25 PM i cant remeber the guys name but he was more interested in coolblonde than you im afraid. she was talking about you to him
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