Page added on March 7, 2012
Campaigners will pile pressure on Chancellor George Osborne to lower motoring taxes through a mass lobby of Parliament today.
Organised by the FairFuelUK group, the protest will include the delivery of a key report to 10 Downing Street.
The handover will be followed by a mass lobby of MPs after average petrol prices reached a record high of 137.79p a litre earlier this week, with diesel now at an all-time high of £144.92.
The report is from the Centre for Economics and Business Research (CEBR).
It says that even a modest cut in fuel duty of 2.5p per litre would create 180,000 new jobs.
The main findings of the CEBR report were conveyed to treasury minister Chloe Smith last week when she met FairFuelUK spokesman Quentin Willson and the organisation’s founder Peter Carroll.
The meeting took place after separate findings showed that UK drivers were paying the highest fuel taxes in Europe.
Mr Willson said: ‘We have shared the findings of this report with MPs and ministers. However, with only weeks to go to the Budget, we are concerned that the Government is not listening and not taking on board the significance of these findings.
‘For months, the Government has been wheeling out the same old argument that it can’t afford to cut duty. Here is concrete evidence that it can make such a cut. Families and businesses are being crushed by these cruel levels of tax – 82p on every litre we buy. It’s damaging the economy and holding back growth.’
He went on: ‘The people are clamouring for the Government to look at fuel duty. This research shows that a cut in fuel duty won’t cost the Treasury a penny. It can cut duty and do any of the other options if it so wishes.
‘So it is wrong of the Government to say it’s a choice between a fuel duty cut and other measures. It can, and should, cut fuel duty now.’
At Commons question time, Shadow chancellor Ed Balls told George Osborne: ‘A year ago you promised to get the economy growing and introduce a fair fuel stabiliser which would cut fuel duty when petrol prices were higher.
‘One year on, you are now indicating you are going to press ahead with fuel duty increases, even though rising oil prices mean pump prices have today reached a record high.
‘How can you press ahead when petrol prices are 4p higher than in last year’s budget?
‘What’s happened to the stabiliser? Or isn’t the truth you can’t do the right thing on child benefit or tax credits or fuel because your plans have failed?
‘A year ago you said in the budget you would ‘put fuel into the tank of the British economy’.
‘The fact is it’s the economy which has tanked, on the hard shoulder, and this Chancellor is the one who has run out of fuel.’
But Mr Osborne said: ‘There’s an inconvenient truth which is the fuel duty rises you are referring to are the ones put in place by Labour, that you voted for and anyone who was in the last parliament voted for.
‘That is the unbelievable opportunism of the Labour Party today.’
Turning on Mr Balls he said: ‘One month it’s VAT, another month it’s child tax credits, now it’s fuel.
‘You are like a pinball machine bouncing all over the place. You don’t have a credible economic policy.’
8 Comments on "UK: Fuel protesters target Parliament as anger boils over at record pump prices"
BillT on Wed, 7th Mar 2012 12:20 pm
How can a tax cut create jobs? BS! It has no effect on employment. Governments don’t create jobs, product demand does. Governments create drones to suck up tax money and do nothing productive. Is the government going to hire 180,000 more drones to pretend that they are working?
What people cannot seem to get is that growth is over. Down-sizing your life is the new ‘in’. Do it or die. Simple.
Beery on Wed, 7th Mar 2012 12:46 pm
In ten years’ time, as the rest of Europe and the US struggle to deal with the depression that emerges out of their unwillingness to switch from oil, many Britons will count themselves lucky that they were taxed so high, as they will have been weaned from the oil teat sooner, so they will be more able to weather the economic downturn.
jack on Wed, 7th Mar 2012 3:21 pm
Reduced taxes create jobs by allowing people to have THEIR money. Govt does not create anything except debt. Jobs come from the private sector.
Its laughable that you could be lucky to be taxed so high…this is the mentality that will bring your apocolyptic predictions to bear, not a lack of hydrocarbons. We are being taxed into poverty/socialism now. They wont stop taxing until there is nothing left to tax…guess thats what you greenies want, the world living in grass huts and caves, hunting with spears, and living like cavemen.
Kenz300 on Wed, 7th Mar 2012 6:02 pm
The oil and coal industries have the world backed into a energy corner. They love to see prices spike because they will make windfall profits. Oil has a monopoly on transportation fuels. Monopolies are only good for the monopoly and not the consumer. Bring on the electric, flex-fuel, hybrid, CNG, LNG and hydrogen fueled vehicles. We need a choice at the pump.
DC on Wed, 7th Mar 2012 8:42 pm
The gas-pushers love the reduce taxes on fossil-fuels creates jobs trope. Its one of there favortite fallacies. Never mind there is zero evidence reducing FF taxes ever creates jobs. It does create more wealth for FF executives and shareholders however, which is what they are really after, not jobs for rest of us.
MikeSolar on Wed, 7th Mar 2012 10:30 pm
Time to Buy a HYBRID already.
Reduce your bill by 60% and save a fortune.
Or, buy a Volt and reduce your gas bill by 95%.
Stop bitching and do something.
BillT on Thu, 8th Mar 2012 1:46 am
Mike, less than 1/1000 of us can buy either one…because they do not make them and most of us no longer have the income to buy a new car of any kind. Gas use will go down because people can no longer afford to drive anything. Not because they can afford a techno fix.
Harquebus on Thu, 8th Mar 2012 4:10 am
Half the world’s oil is gone. They have to get what they can while they can.