Labour Scrap Fuel Tax – Doesn’t Help Oil Addiction

Mark Seall — Thu, 24 Jul 2008 13:42:44 +0000

With a rapidly dwindling popularity rating, and under severe pressure from voters as UK petrol (gasoline) prices exceed $8 per gallon, Prime Minister Gordon Brown’s labour government has recently canceled a proposed increase in fuel taxes.

With the postponement of the 2 pence per liter fuel duty rise, fuel duty in the UK today is 17% lower in real terms than it was under the previous conservative government, who made a series of above inflation increases as part of a policy to reduce congestion, pollution and green house gas emissions. Recent crude oil prices have offset the need for tax rises to achieve these goals.

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Labour Scrap Fuel Tax – Doesn’t Help Oil Addiction