7p a litre fuel tax increase from tonight
#1
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7p a litre fuel tax increase from tonight
Yeah shocking isnt it - "crash" Gordon has announced a 1.5p/litre (thats just under 7p gallon) increase in TAX on fuel
Think I'll be filling up straight after work
Think I'll be filling up straight after work
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Originally Posted by GC8
Its just over 8p per gallon; when you work it out properly.
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Pre-Budget report: point-by-point
The main points from Chancellor Gordon Brown's pre-Budget speech in the House of Commons:
Mr Brown said the government's aim was to "unleash" the economy.
Economic growth this year is expected to be 2.75%, rising to between 2.75% and 3% next year, he added.
By mid-2007 Mr Brown said he expected inflation to be at its 2% target.
More than 16 million people have
tax-free ISA accounts.
Britain will meet both its fiscal rules in this economic cycle and the next.
China and other economies were competing on skilled workers, so the UK's had to "out-innovate" competitors.
The "new priority" was "world-leading" investments in areas such as transport and education, Mr Brown said.
The minimum wage is now £5.35 an hour and in January penalties for failing to pay it would rise, Mr Brown said.
By 2020, 90% of adults should achieve five GCSEs or equivalent, he added.
The government will consult on £2,000 bursaries to encourage young people from poorer backgrounds to go to university.
In April, benefit payments for the poorest children will rise to £64 a week.
Basic state pension to rise 3.6% in April and pension credit minimum guarantee to rise £5 for single people and £7.65 for couples.
The normal budget period for funding voluntary and other groups will rise from one year to three years.
Councils will get £30m to encourage community ownership of community assets.
From next year, most carbon-zero homes will be exempt from stamp duty.
From February, air passenger duty will rise from £5 to £10 for longer flights.
There will be an inflation rise in fuel duty from midnight.
The main points from Chancellor Gordon Brown's pre-Budget speech in the House of Commons:
Mr Brown said the government's aim was to "unleash" the economy.
Economic growth this year is expected to be 2.75%, rising to between 2.75% and 3% next year, he added.
By mid-2007 Mr Brown said he expected inflation to be at its 2% target.
More than 16 million people have
tax-free ISA accounts.
Britain will meet both its fiscal rules in this economic cycle and the next.
China and other economies were competing on skilled workers, so the UK's had to "out-innovate" competitors.
The "new priority" was "world-leading" investments in areas such as transport and education, Mr Brown said.
The minimum wage is now £5.35 an hour and in January penalties for failing to pay it would rise, Mr Brown said.
By 2020, 90% of adults should achieve five GCSEs or equivalent, he added.
The government will consult on £2,000 bursaries to encourage young people from poorer backgrounds to go to university.
In April, benefit payments for the poorest children will rise to £64 a week.
Basic state pension to rise 3.6% in April and pension credit minimum guarantee to rise £5 for single people and £7.65 for couples.
The normal budget period for funding voluntary and other groups will rise from one year to three years.
Councils will get £30m to encourage community ownership of community assets.
From next year, most carbon-zero homes will be exempt from stamp duty.
From February, air passenger duty will rise from £5 to £10 for longer flights.
There will be an inflation rise in fuel duty from midnight.
#7
Originally Posted by GrahamG
and they want to charge us per mile..... (naughty word here!)
Originally Posted by Webmaster
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It stuns me that people would want to spend that much effort doing this, but here's the deal.
It is NOT acceptable. The filter is there for a reason. Some people use scoobynet at work, the filters in many companies can throw scoobynet into a ban list. There are countless other reason that I won't go into, but it is highly damaging to scoobynet.
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Originally Posted by davegtt
The fekker has broke the bank Its gonna cost me 60p extra for a tank of fuel now, god help my mortgage payments
Worrying to see some people are taken in by Labour's illusion of a booming, healthy economy...
#11
As much as everybody hates it (I do 20k a year commuting) we all have a choice ................ and after all Labour were voted in by a democracy ?!? Realistically what did everybody think he would do ?
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Originally Posted by Petem95
How do you work that out then? 4.56 litres in a gallon, so a 1.5p/litre increase = 6.84p increase.
4.545 Litres x 1.5p = 6.82p x 1.175 = 8.01p per gallon.
Simon
#13
Edit: ^^^ just beat me to it
Isn't the 1.5p/ltr just duty, you then need to add 17.5% VAT which means its going up 1.7625p/Ltr @ 4.545 ltr/gallon = 8.01p/gallon increase
Originally Posted by Petem95
How do you work that out then? 4.56 litres in a gallon, so a 1.5p/litre increase = 6.84p increase.
#14
Originally Posted by VJ_STi
Isn't the 1.5p/ltr just duty, you then need to add 17.5% VAT which means its going up 1.7625p/Ltr @ 4.545 ltr/gallon = 8.01p/gallon increase
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Originally Posted by GC8
Will I get points for my working out Pete?
4.545 Litres x 1.5p = 6.82p x 1.175 = 8.01p per gallon.
Simon
4.545 Litres x 1.5p = 6.82p x 1.175 = 8.01p per gallon.
Simon
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Certain. You always pay VAT on top of Duty. This applies to Import Duty too, so a car imported from Japan attracts Duty @ 10% on its cost, all fees and all transport costs and then VAT @ 17.5% is added.
Its a lark isnt it?
Its a lark isnt it?
#21
Mr Brown said the government's aim was to "unleash" the economy.
with his taxes and take it from working/business owning english and give it to ******* and anyone from anywhere
and wheres this booming economy
sorry, forgot , he was talking to the immigrants
labour were voted in by scots
england was a tory majority
with his taxes and take it from working/business owning english and give it to ******* and anyone from anywhere
and wheres this booming economy
sorry, forgot , he was talking to the immigrants
labour were voted in by scots
england was a tory majority
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Originally Posted by Paul3446
This was just a pre-budget report, not a budget, why is it going up from tonight?
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W*nkers might be time to move abroad sooner than planned i think.
Just as well my scooby is only for weekend use, use diesel renault the rest of the time.
Just as well my scooby is only for weekend use, use diesel renault the rest of the time.
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Originally Posted by Petem95
They add VAT on-top of the fuel duty tax? Are you sure?
Fuel Duty + Petrol price = X. Then add 17.5% = Money out of pocket
Brown's a Fat B***ard
He's pledge another £84 Billion into Schools
Another £600m into Iraq
Another £84m into Intelligence.
All this has to be payed for. Who better than the Car user
Last edited by stilover; 06 December 2006 at 01:47 PM.
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Originally Posted by Paul3446
This was just a pre-budget report, not a budget, why is it going up from tonight?
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Originally Posted by skoda_kid
Paying tax on top of tax...
#29
8p a gallon lol
so if you do 20K miles a year and get 25mpg, that's 64 quid a year more.
not a lot really.
If i don't have lunch for 4 days, I'll have recouped that lol
I guess it's more of a principle thing tho, so I'm with you all on that one.
so if you do 20K miles a year and get 25mpg, that's 64 quid a year more.
not a lot really.
If i don't have lunch for 4 days, I'll have recouped that lol
I guess it's more of a principle thing tho, so I'm with you all on that one.
#30
Originally Posted by 51st state
Mr Brown said the government's aim was to "unleash" the economy.
Did he mention his borrowing? Or indeed the whole country's.Or is it still save the planet year?