Interesting comment during budget scrutiny today from osbourne.
Quote:
Labour's John Mann says the price of petrol has gone up by £1 a gallon since Osborne since he became chancellor.Q: Is it true you are taking an extra £10m a day in petrol duty?
Osborne says the extra duty he is receiving is offset by the amount he is losing from people buying less petrol.
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So the question ask can we assume that it goes up to ofset the loss of motorist driving.
What a strange answer what strange way looking at the problem.
So if more drivers walk away fuel duty will increase rapidly to ofset losses those walked. Which inturn will cause more hardship more prices go up inturn slap us bang into ressesion.