Submitted on Friday 29th July 2011
Published on Friday 5th August 2011
Current status: Closed
Closed: Sunday 5th August 2012
Economy ~ income tax ~ month ~ Parliament ~ Tax ~ UK
Stimulate the economy with regular small cuts on fuel duty
It’s time to make the one cut needed to kick start the economy.
It’s time to reduce the price of fuel by 1p a month for the rest of parliament.
Lower fuel prices will help everyone: the worker paying a lower bus fare, the business on the edge of bankruptcy facing lower costs, the price of practically anything bought on the high street.
By helping the economy, it will lower government payments to the unemployed; it will increase profitability and tax revenues; it will create employment and consequently generate income tax and NI payments; it will help rural workers afford travel to their jobs.
It will drive down inflation so that those in poverty are less hard-pressed; those in the middle class will be able to spend more (or pay off debts faster); those looking for bank loans will be better able to justify them.
It will make the UK a better place to do business and make existing UK businesses more competitive overseas.
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