Il consulente sul costo della vita di Starmer chiede un’estensione del taglio delle tasse sul carburante

Extend the fuel duty cut? No, it needs to be cut further.

I say this as someone who is rating Starmer highly recently, before I get downvotes

This sort of fiddling is such utter populist nonsense.

If you want to fix cost of living you do things like making it easier and cheaper to build and rent housing, get energy costs down, get wages up, make it more viable for more people to start their own small business, get taxes down in general. Basically, actually add wealth to the general society. Not this kind of central-planning tweaky BS.

2p or 5p or even 10p on fuel duty is a triviality, we are talking a maximum of one or two hundred quid a year maximum even if you drive 20k miles at 40mpg.

Calculation: (20000/40)*4.54 = 2270 litres. At 5p it’s 113 quid a year.

The actual average annual mileage in the UK is 7500 so it isn’t even fifty quid.

The only reason most people even notice it is because the petrol stations are quite competitive on price, the signs have big letters, it sticks in the mind.

Utter nonsense to cut it. Petrol in real terms is cheaper than 20 years ago. Real terms – before the inflation illiterate start simple comparisons of prices now and in 2006.

What the hell is the point in freezing fuel duty when fuel is currently a limited resource we should be using less of? Freezes/cuts in fuel duty would not impact prices that much – and even if they did impact the price, it would enable more fuel to be used that otherwise would have been.

This is populist nonsense.

These cuts (and delays to the fuel duty rises every single year) have been a silly accounting dodge for the government for decades. The OBR has to price in the duty increases into their projections even though EVERYONE knows that every year they are cancelled at the 11th hour.

So each year they make the government account look like a rosier forecast than reality by a few billion.

How much does fuel duty generate for the Gov, because any cut results in less income for Gov, less spending ability of Gov already under tight fiscal constraints.

https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/fuel-duties/

£24bn or 1.9% of income.