Tuesday, 15 November 2011

And the rest!

I learn 100 MPs are bewailing the coming £0.03 per litre (plus VAT) tax hike planned by the greedy, gluttonous gov.

What about the rest? Remember; the £50 you pay to fill up your car buys £20 of petrol. The other £30 goes straight to the government. They like to blame the oil companies for high prices but the truth is very different. It is the government's avarice.

People who don't like the oil companies should note how the high tax rates work to force out competition to the handful of majors. The government, by squeezing the pips out of petrol sales, drives up the margin, knocking out the marginal suppliers.


James Higham said...

Yes, I'm posting the chart in an upcoming post - it's staggering how much the government actually takes, directly or indirectly.

Trooper Thompson said...

It certainly is, and still they need more.