Thanks for that!

Typical govt's (aka smack addicts); 3p, (can't remember that faceless twat who was chancellor in '93).

And of course, The Brown Eye put an extra 3p on when he arrived.

But yes, the recent escalation is more to do with the futures market.

BTW, the reason it's called VAT it is a tax on the difference in value added to the process at each stage; ie, you hand over the VAT on the difference between the purchase and the selling prices, except for the poor schmuck at the end who ain't VAT-registered. It's then the same as purchase tax, but with this totally inefficient 'handing round of the same bit of money' in the meantime.

I'm never talking beancountin on here no more.

 

Which is why Opec / Saudi have said they do not want to increase production further at the moment because they see no current shortfall in the supply compared to demand.

 

Actually, it's quite evident that B.Liar must've been fully aware of a LOT of these far cups were about to come to a head and chose to hand over at precisely the right time.

Having pissed Das Braune Auge around for so long, he's finally stitched him up good n' proper with a poison chalice. What a complete and total K N U T! Sometimes, I wish there were an afterlife for some...

 

[QUOTE=RichUK,Jul 3 2008, 09:36 AM] Some articles talking about price rises vs speculators vs supply and demand.

Reuters - FACTBOX acrticle today

Congress trying to reign in speculators

[URL=http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article3998971.ece]Trader makes

 

The trouble is, it's a free market doing what it does best; match supply to demand efficiently.

You then get politiciunts believing they are god, or being seen to doi something whilst doing nothing of any consequence.

Unfortunately every action has a reaction, so their meddling only increases pressure on the market until it bursts far worse.

Gov'ts can usually do very little effective about far call and the sooner the sheep work that out, the sooner we can get over it and get rid of wasteful politiciunts.

 

I find it quite puzzling that the heads of all these oil companies are asking why prices are rising.

I'm now going outside to watch a dog chase it's tail.

 

I beg to disagree!
They are very good at spending / wasting other people's money

 

If I understand the situation rightly, most of the "transport tax" comes from motorists, ad goes to subsidise public transport.

Cut the subsidies to public transport out, completely. Use half to fund a cut in fuel tax and the other half to improve the road network.
Seems better than continually pumping money into a 19th century form of transport that will always require subsidy.

 

[QUOTE=russellhq,Jul 3 2008, 08:27 AM] I guess it's a semantics game, the current rising fuel costs are solely down to recent rises in fuel costs, and they're not getting any cheaper, hence my stance. The current high cost of fuel is a factor of high tax and rising fuel costs, not what I'm debating. That's two different arguments.

If you want to talk about cutting fuel duties then we better start looking at what that will cost.

Firstly, the economic impact of a cut in duty.

Last year the government took in

 

Nothing new there!

Car drivers have been seen as 'wealthy' since Edwardian times and will thus be raped accordingly.