Quote from Gordon Brown "A reduction in petrol taxation would result in an increase in interest rates".
Either way johnny punter gets shagged up the garry.

 

As expected.

 

To paraphase one of our esteemed cabinet:

"Do you want your mortgages to go up?"

Tell me, as I have a short memory, which party abolished MIRAS?

I know who I'm *not* voting for next time...

Sorry for the political content, but the amount of lies that this government has spoon-fed us (or spun us) is depressing.

 

Tell you what though, I remember giving my girlfirend a bollocking for not bothing to vote in a general election. I told her it was a vital oportunity to have a say.....I now know where she's coming from, whoever you vote for, theyre all bent as nine bob notes.

 

maybe time to get a 4x4 electric car instead? (does anyone do a 4x4 electric car???)

 

Tamiya do a nice range

 

I agree with Billy.

The only thing was that with the last lot you could see it coming. On the other hand, Labour have raised or implimented tax on everything. The only thing they haven't done is raise income tax, which would have been the fairest thing to do in the first place, and wouldn't have pissed off quite as many people.

Monster Raving Loonies for me next time!

 

Well I think old Tony is wonderful - in fact I want to have his children

If we didnt drive such gas guzzlers we wouldnt be half as worried - the scooby may well be faster than concorde from 0-100 but it uses more petrol as well

How does lower taxes on petrol mean higher mortgages??? it LOWERS inflation so helps the market .... also all the lies only hold water if you believe that if they knock 10p a litre off we will all buy twice as much !!!! what a bl**dy shower they are and insulting ... as if anyone believes what they are saying??

Pete

 

Yeah I couldn't quite get my head around this one either.

Does he mean interest rates will go up, because haulage charges will go down and the economy will suddenly boom, as washing machines will be £3 cheaper? Or does he mean they will go up to stop us frivolously using petrol that, although 10p a litre cheaper, will still be more expensive than most of mainland Europe (where interest rates are also cheaper)?

Or is it that raising interest rates, thus making the pound even stronger, will be the only way to guarantee that our more efficient UK companies are still unable to compete in the export market???

(climbs off soap box)

 

Basic monetarist thinking -

Less Taxes (of any sort) mean more money chasing same quantity of goods means prices go up equals inflation

This is the point being made although I suspect it is a lot more complicated than that

JD

(Engineer, not economist, before I get totally flamed)