The budget

Pudsey Bear

Pudsey Bear

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Liz has just asked me to go down and fill up the car as it's empty and she suspects fuel is going to go up, would they dare in this economic climate?

Not political. I just want views on higher or lower so the thread stays unlocked.
 
Pudsey Bear said:
Liz has just asked me to go down and fill up the car as it's empty and she suspects fuel is going to go up, would they dare in this economic climate?

Not political. I just want views on higher or lower so the thread stays unlocked
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fuel is generally on the way down I think so even if tax on it goes up, it might be cheaper in a week or a month (depends how long a tank lasts for you?)

And ... how much will it cost in fuel to make that journey to refuel? A journey that would otherwise not be made.
 
It was supposed to go up by 12p per litre before though, so I'm unsure if they will implement that now, bow to common sense and lower it or some other idea.
 
IF you believe that protecting the environment is a good idea, then you probably want to reduce the amount of fossil fuels being used. Making it more expensive to drive is one way of achieving this aim. Therefore increasing the tax can be seen as a worthwhile plan.

However, if you are a politician, increasing fuel tax is seen as likely unpopular and therefore a potential vote loser. If you only work on short-term principles, you might not do it.

What do people think is most important?

Gordon
 
Both but people still need a car to get to work etc so it is a tax on the poor, but we're getting too political for this forum.
 
Just filled up.
 
Campervanannie said:
Litre for litre it’s still cheaper that Coca-Cola and some beers. 👍
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A piece of trivia [or sad. serious detail] from the Budget Book Explanatory Notes today. The decision to freeze the Personal Allowance for 6 years, to 2027/28. will drag 5.7 million people into paying tax for the first time, or moving up to a higher tax bracket, an outcome known as Fiscal Drag. That's getting on for 20% of the UK working population ... (n)

EDITED after re-reading the small print again. 3.2 million paying tax for the first time [NOT 3.2 million in total as I stated originally]; 2,1 million moving to a higher tax bracket; and 400,000 people paying the 'additional rate'. The average basic rate taxpayer will pay £500 more income tax, whilst the average higher rate taxpayer will pay £1,000 extra.

Meanwhile, the very high earners who can afford to transfer thousands of £ extra into their Pension Pots stand to gain by as much as £27,000 per annum, according to Robert Peston and can pass the Pension Pot onto their heirs free of Inheritance Tax. Nice work [or retirement] if you can get it

For those of us in the lower strata of earners, the £500 extra income tax plus the £900 extra fuel price rises should take care of the 10.1% State Pension increase and a wee bit more ...

Steve
 
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10%..?....

1)
Rush out and spend it, before inflation eats it up..
That will stimulate the economy, boost business and increase demand for workers.
Allegedly.
2)
Management has already started on item 1.
 
Pauljenny said:
10%..?....

1)
Rush out and spend it, before inflation eats it up..
That will stimulate the economy, boost business and increase demand for workers.
Allegedly.
2)
Management has already started on item 1.
Click to expand...
Bank of England ['BoE'] has been preaching constantly that inflation is coming from excess wage demands because the UK economy is too small to meet the demand for goods and services, after the loss of foreign workers. BoE has chosen to ignore the corporate 'Greedflation' of excessive price rises [way above cost increases] driving wage increase demands, but today's Budget is an attempt to increase the UK domestic workforce [working mums, disabled, early retirees, redundant Jobseekers], to increase UK economic capacity, but it won't produce an instant expansion, and there has been no acknowledgement that struggling workers will be able to meet the cost of extra taxation [from Fiscal Drag] + energy price increases to create the growth that the Budget is expected to produce ...

Steve
 
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