Curious numbers behind the fuel duty cut
Faisal Islam blogs on the economics – at home and abroad – behind the chancellor’s decision not to raise the tax on fuel duty.
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MPs are voting on a motion tabled by Labour to abandon the government’s controversial 3p per litre increase in fuel duty planned for January.
Faisal Islam blogs on the economics – at home and abroad – behind the chancellor’s decision not to raise the tax on fuel duty.
The government has announced a fuel duty freeze: but was it really their idea, or Labour’s – and why now?
As the chancellor tells MPs that the planned 3p rise in petrol and diesel duty will not go ahead, Chloe Smith MP tells Channel 4 News the details of funding the tax cut are not yet finalised.
Can the government afford to give in to pressure from campaigners and scrap its planned 4p rise in fuel duty? Channel 4 News speaks to the experts.
Island communities such as the Scilly Isles and Shetlands could pay five pence less a litre in fuel duty pending EU approval.
It was the chancellor’s big autumn giveaway. Now many warn that cuts to stamp duty could have the opposite effect: increasing house prices and leaving more people frozen out of home ownership.
Price hikes will push another 300,000 people into fuel poverty by Christmas and 9 million homes could be in fuel poverty by 2016, according to the Fuel Poverty Advisory Group.
A campaign group for lower petrol and diesel prices is due to meet the chief secretary of the Treasury, Danny Alexander, in what it describes as “unprecedented” talks.
As the Unite union rules out tanker driver strikes over easter, Channel 4 News asks what is fuelling the current petrol crisis?
Thousands of jobs could be created by abolishing Britain’s high fuel duties, campaigners claim in a meeting with a treasury minister.
Four UK and Irish airline bosses urge the government to end Air Passenger Duty tax on passengers saying it has a negative impact on the UK economy. But critics say the move is a ‘smokescreen’.
Whilst we were told that the industry was washing around with so much superprofit from high oil prices that this tax raid would be basically unnoticed, it appears they have had what you might call a crude awakening
The devil in the detail of George Osborne’s second Budget: a windfall for the nuclear industry, a cash cow for the Treasury and another turn of the screw for families already feeling the pinch.
The more you look at this “stabiliser” the more it seems like a rather distant relation of the “fair fuel stabiliser” neatly worked out by George Osborne’s father in law, Lord Howell.