Fuel’s Gold

Budget 2011

Budget 2011

I’m not going to go into the details of the budget … I’m not clever enough to decipher what it all really means.

All I know is that after the clever people have looked at the small print, we’ll find it was all a smokescreen and the truth is we’ll end up more screwed than ever.

One thing that does spring to mind though is the 1p off a litre of fuel headline –

At six o’clock we saw footage of garages duly taking the 1p off but my question is, taking VAT into account, shouldn’t that be 1.2p?

If I’m right, the petrol companies are making 0.2 p quick profit on every litre … and that’s a lot of litres …. and presumably the Government will be making a percentage of that in tax.

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