Submitted on Wednesday 6th March 2013
Published on Thursday 7th March 2013
Current status: Closed
Closed: Friday 7th June 2013
Signatures: 3
Cut the Fuel Duty
Fuel prices are getting out of hand, and the Government are not doing enough about it. Theres no point reducing duty by 2-3 pence it needs to be 20-25 pence.
And to those who say, 'Where's the cash going to come from to finance a duty cut?' I'd answer by simply saying the debilitating economic effects of £1.50 plus for a litre of diesel will cost the Government infinitely more in reduced economic activity, higher inflation and loss of tax revenue.
The Treasury is already losing £60 million a month because of a lower national fuel spend but this will soon mushroom to £100 million as consumers spend even less at the pumps. And if they're not driving, they're not spending which means far less activity across all economic sectors, so less VAT, income and corporation tax and serious reduction in growth.
I think £1.15 for petrol and £1.20 for diesel is Fair?
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