Gordon sticks a small plaster on the gaping wound of fuel prices

Today it was announced that the government will be scrapping their October rise in fuel duty. Already delayed from March this has come as a welcome concession from the government who have driven the knife into the motorists wallet solidly over the last decade.
Record oil prices have caused a 20% hike in fuel prices since [...]

Huge road tax hikes to go ahead

At a time when the government are at their lowest ebb, the economy is on it’s knees, inflation is up and consumers are feeling the most financial pain in over a decade it would seem mad to raise road tax by a vast margin. But that’s what Labour plan to do. It’s been labeled as [...]

High fuel costs the cause of inflation

The governor of the Bank of England, Mervin King wrote a letter to the Chancellor last week outlining the current rate of inflation and the causes of it. He stated that inflation was running at 1.2% above the target of 3%. Of the 1.2% increase 1.1%, in his opinion, has been caused by the rising [...]