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Jul 1, 2008 | 08:32 AM

#21

russellhq

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Joined: Nov 2006

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From: Glasgow

Quote:

Originally Posted by mikdys,Jul 1 2008, 04:29 PM

During a period when, according to the government's own inlflation figures, cumulative inlflation has only risen 39%

Maybe they switched the figures around in the hope that nobody would notice, or that BLiar could talk his way out of it, but the mask has fallen off now and everyone can see these f**=wits for what they really are.

It's risen above inflation due to measures take by government to intentionally raise it above inflation as a deterrant against pollution. This was brought in by the Tory government.

Jul 1, 2008 | 08:38 AM

#22

russellhq

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Joined: Nov 2006

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From: Glasgow

Also, just incase some of the mathematically ignorant say it's risen at 2.4 times the rate of inflation, it hasn't. It's slightly less than double and probably even closer to the RPI.

Jul 1, 2008 | 08:55 AM

#23

Nick Graves

Joined: Mar 2001

Posts: 31,181

Likes: 58

From: Hertford

Quote:

Originally Posted by russellhq,Jul 1 2008, 04:32 PM

It's risen above inflation due to measures take by government to intentionally raise it above inflation as a deterrant against pollution. This was brought in by the Tory government.

Quite plausibly, wasn't that smug knut Lawson, was it? Not in '95, I don't think.

IIRC oil prices were falling at that time and the reduction in VAT must've stung.

Any old excuse...

Jul 1, 2008 | 09:02 AM

#24

russellhq

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Joined: Nov 2006

Posts: 1,443

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From: Glasgow

Quote:

Originally Posted by Nick Graves,Jul 1 2008, 04:55 PM

Quite plausibly, wasn't that smug knut Lawson, was it? Not in '95, I don't think.

IIRC oil prices were falling at that time and the reduction in VAT must've stung.

Any old excuse...

Not just plausable, this is what happened. It was set to rise 3% above inflation and then move to 6%

http://news.bbc.co.uk/1/hi/in_depth/uk/200...port/988650.stm

Jul 1, 2008 | 09:31 AM

#25

RichUK

Former Moderator

Joined: Mar 2003

Posts: 45,694

Likes: 1

From: Oxfordshire

[QUOTE=russellhq,Jul 1 2008, 05:30 PM] It's 17.5% before the

Jul 1, 2008 | 09:47 AM

#26

russellhq

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Joined: Nov 2006

Posts: 1,443

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From: Glasgow

Quote:

Originally Posted by RichUK,Jul 1 2008, 05:31 PM

I'm pretty sure it isn't.

It is VAT on everything. I just threw out a load of petrol receipts or I'd check.

Yes it is VAT on everything, but if you add VAT to 116p you get 136.3p This is clearly NOT correct.

Jul 1, 2008 | 09:51 AM

#27

euan

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Joined: Oct 2002

Posts: 10,138

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From: Lothians

Quote:

Originally Posted by RichUK,Jul 1 2008, 06:31 PM

I'm pretty sure it isn't.

It is VAT on everything. I just threw out a load of petrol receipts or I'd check.

If 116p a litre is the pump price, then the VAT is 7/47 of that.

The 17.5% is calculated on the net price, ie the 98p.

Jul 1, 2008 | 10:08 AM

#28

russellhq

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Posts: 1,443

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From: Glasgow

Quote:

Originally Posted by euan,Jul 1 2008, 05:51 PM

If 116p a litre is the pump price, then the VAT is 7/47 of that.

The 17.5% is calculated on the net price, ie the 98p.

Thankyou

Jul 1, 2008 | 10:21 AM

#29

Bassoctopus

Registered User

Joined: Nov 2002

Posts: 16,369

Likes: 4

From: Tyne Valley

I fail to see your point Russell. All you're telling us is that fuel has gone up, so the percentage of tax has fallen. The actual

Jul 1, 2008 | 10:24 AM

#30

dreamer

Registered User

Joined: Jan 2004

Posts: 11,493

Likes: 0

From: Surrey

Quote:

Originally Posted by russellhq,Jul 1 2008, 06:47 PM

Yes it is VAT on everything, but if you add VAT to 116p you get 136.3p This is clearly NOT correct.

That's because the 116 includes the VAT unless I'm missing something (like I said before?)

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