Another Labour fox not just shot but incinerated

Bit difficult to argue that there is a "Cost of Living Crisis" when the country's inflation rate has just dropped to zero because the prices of fuel and food have fallen.

Ed Miliband's loss is Britain's gain, however.

Comments

Jim said…
The prices of fuel have fallen, but that is no thanks to the current government who still have not significantly reduced fuel duty, which is one of the first things they should have done. lower fuel prices help the economy, i argued this for a couple of years, you have seen recently - oh yeah, jim was right, if only we had done as he said and significantly cut fuel dyty the UK would be in a better financial position, but they did not and still have not.

to say we froze it means nothing, it would have been more expensive means nothing, the fact is that fuel duty needed to be significantly cut in 2010 which would have been a net gain not loss to the exchequer, and was not and still has not been
Jim said…
this morning at the pelican garage a litre of diesel cost 1.19p

but lets look at that:
41 p thats the price of the fuel (including profit for the fuel station and the fuel company 41p, which of course is agian subject to government taxes)

58p that was added by the government per litre as fuel duty

8p that was added by the government at VAT on the fuel

12p that was added by the government as "VAT on the blooming FUEL DUTY"

so we see that 34.59% of the price was the price including all profits to all parties (which are again subject to tax)

its just the government thought it would help itself to the other 65.41% of the price I paid, out out wages which have already been taxed.


so we see that not only is the conservative attitute of "our long term plan is helping" not holding much (the bottom falling out of the oil market is the real answer)

for the conservative party to try and take credit for low fuel prices is not only shot and incinerated, its been hanged by the neck until nearly dead, boiled in tar and featherd, crucified upside down for 3 hours, broken on the wheel, and then incinerated.
Chris Whiteside said…

If there was an Olympic prize for setting up and knocking down straw men, Jim, you would have an excellent chance of a bronze medal. (Don't think you would beat Ed Miliband or Ed Balls.)

Where in my post did I claim that the present government should be credited with the fall in the world price of oil?

I've not heard George Osborne or David Cameron make that claim either.

I did argue was that price stability is good for Britain, and I stand by that.

I also argued that zero inflation makes one of Labour's previous attack lines out of date and irrelevant. I stand by that.

The part of your post which is accurate is that the government takes an awful lot of tax revenue from fuel.

It would be even worse had not George Osborne has cancelled a number of further fuel tax rises scheduled by the previous government.
Jim said…
Not really, the main point i was making and the one you have deliberately missed (politicians are good at that) is that the most over riding reason the economy is on the up, and there is more employment is that fuel is cheaper.

something that could have been done back in 2010 and was not, simply by significantly cutting fuel duty. It would have been a net gain to the exchequer not a loss and the current government did not do it.

Its a mute point to say it would have been worse under labour, its like saying "here is an old leather boot for your dinner Jim, and don't complain because if we had the other chef you would have had cow poo on your plate"
Chris Whiteside said…
The drop in fuel prices has certainly helped but the upturn in the economy pre-dates it.

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