And they still got trounced!

If the enonomy is so bad, where did they get the money from?

I would imagine from all the extra income from oil over the last few months.....

 

i did allow myself a big belly laugh on my way to work this morning when i heard the results.....

the problem is nowt will change if the tories get in.

 

they all piss in the same pot

I would imagine from all the extra income from oil over the last few months.....

 

i did allow myself a big belly laugh on my way to work this morning when i heard the results.....

 

 

Now I know you aren't the sharpest political tool in the box but I'll spell it out again - the hike in oil prices has got tit all to do with this g'vt, or indeed most g'vts.

 

The OPEC countries are refusing to 'turn the taps on' for more oil because they are scared of having a surplus. GB is currently arguing that OPEC can't continue to operate as a cartel, holding us to randsom.

 

Tories, Labour, Libs even that air head who was Miss Great Britain couldn't do anything about the price of oil. Clear?

Now I know you aren't the sharpest political tool in the box but I'll spell it out again - the hike in oil prices has got tit all to do with this g'vt, or indeed most g'vts.

 

The OPEC countries are refusing to 'turn the taps on' for more oil because they are scared of having a surplus. GB is currently arguing that OPEC can't continue to operate as a cartel, holding us to randsom.

 

Tories, Labour, Libs even that air head who was Miss Great Britain couldn't do anything about the price of oil. Clear?

 

 

if oil cost 80$ per barrel and govment taxes at 50% that is 40 per barrel

 

if oil costs 135 per barrel and gment taxes at 50% that is 67.75 per barrel.

And they still got trounced!

If the enonomy is so bad, where did they get the money from?

 

 

They increased borrowing even more. So we get a one off payment, which ends next year, and we have to pay it back in higher taxes to service the comical levels of government debt we now have.

 

Same old story - Labour digs the country in to a hole, then the Conservatives are forced to be sensible and stop us turning in to Italy or Spain, paying down the government debt, before people get bored and have another spell of Labour putting us in to debt on our behalf.

Now I know you aren't the sharpest political tool in the box but I'll spell it out again - the hike in oil prices has got tit all to do with this g'vt, or indeed most g'vts.

 

The OPEC countries are refusing to 'turn the taps on' for more oil because they are scared of having a surplus. GB is currently arguing that OPEC can't continue to operate as a cartel, holding us to randsom.

 

Tories, Labour, Libs even that air head who was Miss Great Britain couldn't do anything about the price of oil. Clear?

 

But don't we paya higher rate of fuel tax than many other countries? Can't the government do something about that or am I being a dolly dimple?

JAL

 

 

edit: just seen Ani's post at the same time as mine, and it appears I might not a dolly dimple after all - phew!

Edited May 23, 200818 yr by no balls

Now I know you aren't the sharpest political tool in the box but I'll spell it out again - the hike in oil prices has got tit all to do with this g'vt, or indeed most g'vts.

 

The OPEC countries are refusing to 'turn the taps on' for more oil because they are scared of having a surplus. GB is currently arguing that OPEC can't continue to operate as a cartel, holding us to randsom.

 

Tories, Labour, Libs even that air head who was Miss Great Britain couldn't do anything about the price of oil. Clear?

 

They're not scared of having a surplus; there will never be surplus production of oil; the idea that demand can ever not equal supply is a bizzare modern myth propagated by news presenters without the slightest bit of economic training. The current price changes are entirely expectations linked; there has been no underlying changes in Oil in the last 9 months (apart from a significant weakening in the growth of Chinese imports [cause or effect...]).

 

But yes, the government has little to do with the price of oil. Petrol it has a huge amount of responsibility for, however a long period of deep fiscal irresponsibility (running a deficit at the top of the cycle whilst pretending there's no cycle is roughly equivalent to pissing away a weeks wages on Friday night) means there is no real room to reduce the tax burden with respect to petrol. So in the immediate case you can't blame Gordon, but in the long run, his terrible economic management has left us in an apalling position to deal with an oil shock.

But don't we paya higher rate of fuel tax than many other countries? Can't the government do something about that or am I being a dolly dimple?

JAL

edit: just seen Ani's post at the same time as mine, and it appears I might not a dolly dimple after all - phew!

 

 

yes we do pay a higher tax on fuel duty than any other country in Western Europe - and have done for years during Tory and Labour G'vts. The fact is the G'vt isn't making any more money off fuel duty now than it was 6 months ago.

if oil cost 80$ per barrel and govment taxes at 50% that is 40 per barrel

 

if oil costs 135 per barrel and gment taxes at 50% that is 67.75 per barrel.

 

and he had the front to question my intelligence....

Edited May 23, 200818 yr by Bobcat

yes we do pay a higher tax on fuel duty than any other country in Western Europe - and have done for years during Tory and Labour G'vts. The fact is the G'vt isn't making any more money off fuel duty now than it was 6 months ago.

 

 

Surely they are, as if tax is a percentage, then the higher the price, the more money the government receive, correct?

and he had the front to question my intelligence....

 

 

I made that assumption based on the majority of your ramblings, not just one. I see nothing here to disprove it.

 

Enjoy the Tories, you seem a good fit to be ruled by effete toffs.

Surely they are, as if tax is a percentage, then the higher the price, the more money the government receive, correct?

 

 

So hands up here on the board who thinks most G'vt enjoy the current oil problems because of tax?

yes we do pay a higher tax on fuel duty than any other country in Western Europe - and have done for years during Tory and Labour G'vts. The fact is the G'vt isn't making any more money off fuel duty now than it was 6 months ago.

 

 

dear oh dear....

 

what a whopper...

 

please do continue...this is fun

Edited May 23, 200818 yr by Bobcat

The fuel duty on petrol and diesel is a fixed figure per litre, not a percentage.

 

Not hard is it?

 

So Crawley is correct.

 

 

 

Now, VAT is a different thing altogther.

Edited May 23, 200818 yr by mickbrown

not what was being wildly reported in the news the last couple of days...

 

I was of the opinion it was a percentage and always has been reported as a %...If i am wrong i stand corrected...

 

I will however allow a timeout for you to provide proof please...cause i cannot be arsed..

 

you left wing socialists cannot be trusted...

The fuel duty on petrol and diesel is a fixed figure per litre, not a percentage.

 

Not hard is it?

 

So Crawley is correct.

Now, VAT is a different thing altogther.

 

 

I asked the question, I put IF, a I wasn't sure.

So are they taking the piss with VAT then?

I am an arty farty design type person who's grasp of economics is "is there money in my bank account? yes. right, I can go on a shopping spree." I am not taking the piss (though I rarely do! )

not what was being wildly reported in the news the last couple of days...

 

I was of the opinion it was a percentage and always has been reported as a %...If i am wrong i stand corrected...

 

I will however allow a timeout for you to provide proof please...cause i cannot be arsed..

 

you left wing socialists cannot be trusted...

 

It's the truth - if you could be arsed to look yourself you'd know that.

The fuel duty on petrol and diesel is a fixed figure per litre, not a percentage.

 

Not hard is it?

 

So Crawley is correct.

Now, VAT is a different thing altogther.

 

 

Sanity returns. As for the Tories saving our skins for fuel their current line is 'looking closely at the fuel tax issue', but it is too 'early to say if the 2p increase in fuel duty should be delayed.' Now pretty sensible thinking there, Dave I must admit, which is why the G'vt are risisting calls from their own backbenchers in cutting the 2p increase.

I asked the question, I put IF, a I wasn't sure.

So are they taking the piss with VAT then?

I am an arty farty design type person who's grasp of economics is "is there money in my bank account? yes. right, I can go on a shopping spree." I am not taking the piss (though I rarely do! )

 

 

The VAT has always been a piss take. Taxing you on the duty they are charging.

 

Be fair enough if they took the duty off the price, then charged VAT on what was left.

I have...and indeed you are correct...Visit My Website

 

good job you lot stick together cause Crawley was sinking fast...

The fuel duty on petrol and diesel is a fixed figure per litre, not a percentage.

 

Not hard is it?

 

So Crawley is correct.

Now, VAT is a different thing altogther.

 

 

Now i think this is where it gets confused, the cost of fuel ast the pumps as a pence per litre thing, but the other night on some programme they were discussing how there are about 8 (i think) different levies so there is a cost for oil bought through a port, for example, some of these are fixed and some variable.

 

I aint trying to make a political point, but sure this was what was reported.

 

the oil companies are also making a killing. the price has not gone up becuase of demand but because of sepculation from city traders !!

 

on that site bonhat has linked to it was the tories who introduced the price escalator.....

Edited May 23, 200818 yr by Ani

Now i think this is where it gets confused, the cost of fuel ast the pumps as a pence per litre thing, but the other night on some programme they were discussing how there are about 8 (i think) different levies so there is a cost for oil bought through a port, for example, some of these are fixed and some variable.

 

I aint trying to make a political point, but sure this was what was reported.

 

the oil companies are also making a killing. the price has not gone up becuase of demand but because of sepculation from city traders !!

 

The Govt get 50p duty a litre at the pumps. That's what we pay. And then there's VAt on the whole price.

 

Levies on oil brought through a port will be paid by the oil company, but in effect will more than likely be passed on to us at the pumps.

I have...and indeed you are correct...Visit My Website

 

good job you lot stick together cause Crawley was sinking fast...

 

 

Thought it was common knowledge.

I have...and indeed you are correct...Visit My Website

 

good job you lot stick together cause Crawley was sinking fast...

 

 

I certainly wasn't as clear and concise! But this is what worries me, people making judgements without the facts - I'm critical of the G'vt for many things but voters en masse are like headless chickens jumping from one assumption to the next. the Tories are not promising tax cuts yet - I'll be surprised if they do even in their manifesto. I still believe they will get in because this country is ripe for the next political cycle . Just be careful what you wish (or vote) for.

The fact is the G'vt isn't making any more money off fuel duty now than it was 6 months ago.

 

You will have to explain that one very carefully to me.

 

Very carefully indeed because it unless you know something I don't, I see it to be the biggest load of big hairy bollocks you've ever ever ever said.