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// Frontera Technical Support • View topic - Fuel rise and lost revenue
   
 

Fuel rise and lost revenue

banter general discussions etc

Fuel rise and lost revenue

Postby Drift on Sat Nov 10, 2012 9:03 pm

According to this BBC report
http://www.bbc.co.uk/news/uk-20273727

The government are saying if they put off the proposed 3 pence per litre tax increase for 3 months they would loose 350 million pounds in revenue.

I am sorry but you shouldn't forecast the future of a countries financial state on a gamble that the population would use X amount of fuel after such a tax rise.
Any company that acted in such a way on the stock market would see its shares crash in a matter of minutes with such a statement.
A company can not base profits or revenue on future speculative price rises in a business environment, so how does this government think it can fool its subjects (as it seems that is what we are) in such a way?

Arrgghhhh :evil:
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Re: Fuel rise and lost revenue

Postby Big Dav on Sat Nov 10, 2012 10:02 pm

Not only that but HM Gov have realised they are
losing revenue from the sale of fuel due to
the switch to more economical cars. That along
with the ultra low road tax fees for many motors
means the govt is desperate to find ways of
raking the cash back in.
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Re: Fuel rise and lost revenue

Postby Drift on Sat Nov 10, 2012 10:45 pm

Correct Dave and in a real company they are only going to loose more revenue by increasing fuel prices as the public will do less journeys.

The irony of all this is that if we meet EU emission targets we as a country pay less carbon tax to the EU........so we are taxing ourselves again depending on the tax we pay the EU (I dont have those figures) bet your bottom dollar we the public will be the losers.
And as a side note not one petroleum companies profits have dipped this year :roll:
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Re: Fuel rise and lost revenue

Postby drinksoptional on Sat Nov 10, 2012 11:10 pm

if fuel cost p less we would buy more increasing the revenew . Im curiose if Scotland did get our Independence would our fuel ppl go down?
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Re: Fuel rise and lost revenue

Postby Drift on Sat Nov 10, 2012 11:19 pm

Dream on Stu, even if you got independence and fuel duty in some freaky way went down the fuel companies would hike the price up to a level you have been living with and you wouldn't gain anything, plus there is a good few "if's" in that statement :wink:
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Re: Fuel rise and lost revenue

Postby drinksoptional on Sun Nov 11, 2012 10:33 am

Well this is it. If its tax thats the issue in theriory it should .For most of my childhood into teenage it was tory rule the other half labour now the lib-tory. Maybe if we all started voting away from these parties we might see a change. Whats the. diffrence in them one is center left other center right . No wonder votin feel like it doesnt make a diffrence . Was it france who cut fuel tax ? .
Independce from west minster might set us free from this stale mate as the majority up here voted snp the rest of the Uk should do same vote away from them a get the status quo broken
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Re: Fuel rise and lost revenue

Postby gregster on Sun Nov 11, 2012 12:26 pm

I think you will find the opposite Stu and you will pay more...
To be fair, for Scotland to want out from the UK then Scotland needs to carry its share of the deficit that as a country (UK) we have run up...My thinking is this would be like a divorce and if you want out and everything is negative equity then they either need to buy themselves out, or start off with a proportion of the national debt tied round its neck. I would think then that Scotland would have more than enough financial issues to sort out, such that the cost per head with a relatively small population by comparison would mean tax increases not decreases.
It wouldnt be right, if granted independance, in these tough times that Scotland walked away debt free leaving everyone else to pay it off, would it?
That would be like marrying someone, running up loads of debts together and then expecting to divorce and leave your partner to sort out all the mess while you started afresh with a blank balance sheet. Not happening mate.
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Re: Fuel rise and lost revenue

Postby drinksoptional on Sun Nov 11, 2012 2:34 pm

Where does this walk away from debt come from with oil rwvwnue alone we can pay our share of the debt back. I dont get this poor scotland belief either we pay a fair share into uk econmy without us the rest of uk will feel it. Second independce is not about the current econmy nor anti english its been a scottish dream since. the union was made snp were gaining well before all this eco-my stuff happend . My parent, family and friends wanted independce since far as i can remember.


West minster doesnt care about the common worker np mayter where on Uk we are
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