Politicians and Election, Vote in Freedom, Actively Participate in Democracy, Vote for Change, Online referendum
George Osborne

Budget 2011: George Osborne to put faith in growth

George Osborne 18%

button ElectionsMeter.com

The dropping of hints about the chancellor's plans has grown as traditional as the lifting of the famous red box on Budget day.

So we know George Osborne will do something to make fuel cheaper because the prime minister has been suggesting as much since January

The question is: what? Scrapping a plan to put up fuel duty by one penny on top of inflation in April would cost the Treasury just over £1.5bn according to the Institute for Fiscal Studies.

Putting in place the idea suggested in the Conservative election manifesto of reducing duty when oil prices rise, and putting duty up when oil prices fall, could, if miscalculated, cost much more.

Motorists' expectations are high. By commenting on fuel duty the government has tried o show it is listening, and ensured anything but a significant change will prompt disappointment.


By Ross Hawkins
Political correspondent, BBC News

21 March 2011

Source: BBC News


meryl -
Flag it!no spam

ElectionsMeter is not responsible for the content of the text. Please refer always to the author. Every text published on ElectionsMeter should include original name of the author and reference to the original source. Users are obliged to follow notice of copyright infringement. Please read carefully policy of the site.

load menu