So here we go then...
He gives with one hand and takes away with the other. Whats the betting the increase in fuel tax will do MORE than simply 'offset' the reduction in VAT?
A 1p increase in duty should have the effect of keeping current fuel prices the same as the reduction in VAT is worth about 1p off a 90p litre of unleaded.
1601 Alcohol, tobacco and petrol taxes will be raised to offset the VAT cut, Mr Darling says.
He gives with one hand and takes away with the other. Whats the betting the increase in fuel tax will do MORE than simply 'offset' the reduction in VAT?
A 1p increase in duty should have the effect of keeping current fuel prices the same as the reduction in VAT is worth about 1p off a 90p litre of unleaded.