Nice chart but whats the AVERAGE oil price been over the last 12 months?

Around $65 to $70 according to the beeb!

That is completely false, £:$ has not been below $1.75 since may 2006, not even for a single second. Look here for proof:
GBPUSD=X: Basic Chart for GBP to USD - Yahoo! Finance=

Oil was $70 in may 2006 = £40 a barrel
Now its $98 in november 2007 = £46.66 a barrel.
Low and behold petrol was 95p a litre back in may 2006:
The Relationship Between Petrol and Oil Prices

at rpi over 4% its only risen in line with inflation since may 2006.
The real reason it feels so bad is because of what happened 1 year ago.

From september 2006 to march 2007 oil was at $60 a barrel, now in march 2007 the exchange rate was $1.95 per pound.

So in march 2007 a $60 barrel was only £30.77, now in november (only 8 months on) its £46.66 a barrell. more than a 50% increase in just 8 months.

As for the post about the forecourts ripping us off by pre empting price rises its also false, although there is a lagged effect on crude prices and pump prices its only a few weeks, and as crude has been rising since march this year pump prices,even though 2 weeks delayed, have been rising in line with it. No one in the supply chain is making extra profits from this, if they were tesco would undercut them and drive them out of business.

I'm glad there is someone else that knows what their talking about...

It has no fecking relevance when the price of oil has gone up 42% since August when ultimately there has been no change in exchange rate over the same period.....muppet.

What is the point in quoting oil prices and exchange rates from five years ago, it has no bearing whatsoever.

103.9 at tescos for super today and going up again before the end of the week Im told by them

Tax
 

Most people who voted labour (which I did in 97 and now regret) are blind to the facts

Labour is same of party of tax with more spin and jealous of anyone successful. (I have a nice car and work dam hard for it)


- Pensions are taxed
- Isa, so called tax free are taxed (dividends)
- petrol tax went up 2p in September 07
- post office profits not put back into the business since 97, now its a real mess
- how do we complete with India if our workers PO, Firemen keep striking!!

TAX, TAX, TAX, Mr Brown. Labour of the 1970s with spin.
Petrol prices + taxes will keep rising until we kick labour out of power.

I don’t like the other parties that much, but I would rather shot myself than vote labour!

How do you think we have become one of the richest countries in the world and yet the people are taxed more than most others in the world?
JohnD

I don't think we have anything to complain about having worked all summer in Norway and incurring their tax rate.....it could be a LOT worse...

One of my mates moved to Dubai last week. He recons they pay 0% tax over there. Cost him £8 to fill up the hire car and that included a windscreen wash!

Today he bought a Jeep Grand Cherokee SRT8 with a 6.1 Hemi V8 pushing 465bhp. 11mpg with gentle driving!

Somehow they seem to be able to allocate tax incomes efficiently in the nordic states though, I have never been their but from what I have read the level of service in these countries is A1. I think its probably due to their attitude as a society, they seem so take a pride in their work and have a genuine interest in doing a good job in the civill service. Our civil service take the money and then object to doing anything for it (thats managements fault at whatever level you care to lay the blame, a worker without a firm boot up the bum every day should not be expected to produce anthing more than a cup of tea and a lot of hot air)

I think high tax is a bad idea for the economy and bad for the chancellers coffers, looking at Reagan/Thatcher tax cuts (I'm not wanting to get into politics and miners and the like here, just stating a statistical fact) then total tax revenue went up A LOT when they cut taxes:

Around the World in 80 ideas

Of course, socialist governments rarely actually care about tax reciepts, they care simply interested in hunting down the rich and trying to pull them down to the level of the poorest, or at least looking like they are doing it (eg, car tax bands, fuel duty already punishes the heaviest consumers of fuel without the beurocratic mess of classifying all cars on a scale and then taxing them differently).

In any event, the richest are able to migrate to monaco or employ very shrewd accountants to hide their incomes meaning they dont pay. Its us middle income earners who get clobbered because we cannot afford to pay these accountants yet are classified as 'rich' by the socialists because we dont live in council houses or draw benefits.

When it rains it pours..