The table from the Budget is posted up there somewhere. I assume it'll be in one of the high VED bands!
The Budget - Band G Tax £1000!
- Thread starter Alex UK
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The table from the Budget is posted up there somewhere. I assume it'll be in one of the high VED bands!
Just want to thank clv for telling it like it is against the barrage of short-termism petrolhead reasoning. I don't have the patience.
I like cars and big engines etc. but even if you decide that global warming is all a big hoax we should *still* be doing this to improve fleet efficiency as we are so dependent on a finite resource that is oil.
I like cars and big engines etc. but even if you decide that global warming is all a big hoax we should *still* be doing this to improve fleet efficiency as we are so dependent on a finite resource that is oil.
If a resource is finite, then the market already has mechanisms to address that. It does not require additional state intervention.
What previous increase? Prior to the Oct07 +2p I did the calculations on duty and inflation back to ~2000 and showed how duty had fallen in real terms. The Oct +2p brought it pretty much level with inflation. It hasn't increased. Had the April 08 increase gone ahead it would have been above inflation but with it pushed back to Oct and inflation at least 2% it still pretty much only going to be in line inflation.
Except that this perfect market economics world doesn't apply to crude oil. If OPEC were actually truthful about reserves do you think that would have an effect on the oil price?
Following your line of market regulation we'd have the cost of extraction and refining plus whatever profit big oil makes on the fuel as the pump cost. This basically ensures horrific energy waste and the oil reserves get used much more quickly.
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Duty has not fallen, please don't bring the 'real terms' dodge into it, it's not relevant for a flat amount (ie Xp/litre) tax. The percentage of fuel's cost that is taxation has changed, but it hasn't fallen.
I also notice that you only take your calculations back to the fuel protests, rather than back much further when the fuel tax escalator was in place...
Evidence that they aren't being truthful, or is it just more FUD?
£260 a year from 2009. How is it confusing?!
The pre/post 06 distinction for the top band is ending.
Not wanting to read the whole document to you.... see page 123.
http://news.bbc.co.uk/1/shared/bsp/hi/pdfs/13_03_08bud08_completereport.pdf
That's an op-ed piece with no actual evidence beyond someone who has decided oil must peak between 2005-2010 saying so.
Previously stated concerns about the bias of theoildrum aside, it seems the author is intent that unlike previous drops in production, this one must carry on, but doesn't really make any sort of case why...
lol of course it's relevant!
Why? (apart from that your argument relies on it to somehow claim fuel duties have dropped)
The point was that we have had many raises of duty cited as being for enviromental reasons. Your argument seems to be "well it hasn't gone up as much as I think it should, therefore it's gone down", which doesn't answer anything.
My answer is a penny in 2000 is not the same as a penny in 2008. If you want to argue otherwise you'll be on your own!
When duty is adjusted such that comparisons can be made - duty has been approximately flat.
See how previously they used oil supply to affect a swing in price, ramping up and down to control the level? Well that was at $28bbl, where OPEC wanted it, not very close to that price right now is it? They have declined since '04, despite huge investment in drilling there has also been a dramatic drop-off in discovery in KSA. I would have though the 'why' was obvious. They must hate money in Saudi.
Anyway since you've obviously read plenty about the issue and have decided its some big scam perpetrated by, er, people on the internets who can't get media coverage, not much I can do to convince you otherwise.