US Politics | How many more Chancellors need to be told that only a fuel duty CUT will get Britain going?
TWO weeks tomorrow new Chancellor Jeremy Hunt will deliver a Budget that will hit us ALL hard in our pockets. Judging by the 'tax rises for everyone' rhetoric coming from the Treasury, the Autumn Statement is going to be an endless list of financial pain. 
How many Chancellors will it take to understand that what Britain needs is a fuel duty cut?Alamy 
The best way to help the economy is to give more disposable income to Britain's hard-pressed motoristsAFP Only a couple of months ago, in his push to become Prime Minister, Rishi Sunak was saying: "High inflation won't grow the economy. It will make everyone poorer. Inflation is our enemy." While the recent support to counter the high costs of heating our homes and businesses is welcome, we have seen no sign of any measures to reduce inflation or grow the economy. Nothing has been done to encourage us to visit high street shops, restaurants, and cinemas and spend what little disposable income you have left. Crippling petrol and \- especially diesel \- prices remain the biggest worry for drivers and businesses. Since 2010, along with the Sun, I have been championing the positive benefits of cutting Fuel Duty to help deliver more disposable income to UK's 37 million motorists, van drivers and truckers. But BP and Shell are currently wallowing in yet more obscene profits while drivers are struggling to pay the big oil corporations' escalating and uncontrolled pump prices. In the last three weeks, the price per barrel of oil paid for in Sterling has DROPPED by seven per cent. Wholesale prices for petrol have FALLEN, too, by nearly a tenth yet what we pay at the pumps has RISEN three per cent. Most read in The US Sun SICKLY VLAD Sickly Putin's hands seen 'turning black' as tyrant 'has Parkinson's' & cancer WOAH, DADDY! Teen Mom fans go wild after spotting Tyler's bulge again in skintight bodysuit TODAY'S MISHAP Today host Al suffers live TV blunder & said producer was waiting for fumble MAD AT MACI Teen Mom fans 'sick & tired' of Maci Bookout's 'unfair' treatment of her kids QUICK CHANGE People say I go from 5 to 10 when I take off my work clothes WOAH, WHOOPI! GMA fans shocked after The View's Whoopi Goldberg joins morning show Pump prices are heading back close to the recent painful summer of debilitating filling up costs. Petrol is now averaging £1.66 per litre and average price of diesel is a staggering 24p more, at an eye-watering £1.90 a litre. The price gap with diesel is now 166 per cent higher than the difference against petrol we were paying on June 8, when petrol was just four pence less. I have never seen such a huge difference between petrol and diesel prices. Diesel makes up 65per cent of the fuel dispensed on our forecourts. It is the commercial heartbeat of UK Plc. Euro 6 diesels are cleaner than petrol too, so it would be the height of economic insanity to hike tax on the very resource that is the best route to reducing the cost of living crisis. And the production of diesel here in the UK has steadily declined over the last decade, which means the amount we import has increased massively. As a result diesel is much more of global commodity – making it easier for faceless speculators to gamble and manipulate prices. Most diesel is now transported on cargo ships, which can be held up at sea to get the best price available. The war in Ukraine has created a perfect storm for the fuel supply chain to take advantage of a vital national resource and to price it to the maximum. Profiteering in the fuel supply chain is ruthless, unchecked, and opportune. On top of that, UK drivers are still among the highest taxed motorists in the world. An astonishing 44.5 per cent of the price we pay for a litre of diesel goes in tax, VAT and fuel duty – compared to just 25.3 per cent in Poland. The price of fuel impacts on everything we buy, yet controlling the amount we pay at the pumps is still being ignored. How many more Chancellors do I need to educate that the way to grow the economy is to make a big cut in fuel duty? As one hardened MP and former Finance Minister told me: "Drivers are pure cash cows to the Treasury, Nothing more, nothing less. "No one in Number 11 Downing Street sees them as a solution to grow the economy. The anti-driver attitude remains entrenched in my government." At the despatch box on November 17, the Chancellor must prove my political cynicism wrong. He must cut fuel duty big, to drive down prices and boost consumer confidence. Cutting this regressive tax must be seen to be an economic stimulus not the usual mistaken belief there will be a loss of tax income to the exchequer. Jeremy Hunt must know that most of us are reliant on our vehicles because of a lack of feasible or practical alternatives. Rural communities are devoid of decent public transport. Above all, the cost of transport and logistics is the biggest influencer on inflation. At a stroke of his fountain pen, the Chancellor can slash one of the world's highest motoring taxes to relieve the cost of living crisis. That will meet Rishi Sunak's leadership campaigning promise, to tackle inflation. Cutting fuel duty will stimulate the economy, definitely deliver extra GDP, more business investment, higher wages, increased consumer spending and more growth taxes. Not my words \- but a statement published way back in 2014 by the Treasury themselves. Nothing has changed since then. Read More on The Sun 
NO KIDDING I'm 17 & already a mum... trolls say I only got pregnant to get benefits Chancellor Hunt, millions of us are looking for some financial common sense from you – to cut fuel duty in a fortnight's time. Don't use the stick, get the carrot out for a change and give us all some hope!
How many Chancellors will it take to understand that what Britain needs is a fuel duty cut?Alamy The best way to help the economy is to give more disposable income to Britain's hard-pressed motoristsAFP Only a couple of months ago, in his push to become Prime Minister, Rishi Sunak was saying: "High inflation won't grow the economy. It will make everyone poorer. Inflation is our enemy." While the recent support to counter the high costs of heating our homes and businesses is welcome, we have seen no sign of any measures to reduce inflation or grow the economy. Nothing has been done to encourage us to visit high street shops, restaurants, and cinemas and spend what little disposable income you have left. Crippling petrol and \- especially diesel \- prices remain the biggest worry for drivers and businesses. Since 2010, along with the Sun, I have been championing the positive benefits of cutting Fuel Duty to help deliver more disposable income to UK's 37 million motorists, van drivers and truckers. But BP and Shell are currently wallowing in yet more obscene profits while drivers are struggling to pay the big oil corporations' escalating and uncontrolled pump prices. In the last three weeks, the price per barrel of oil paid for in Sterling has DROPPED by seven per cent. Wholesale prices for petrol have FALLEN, too, by nearly a tenth yet what we pay at the pumps has RISEN three per cent. Most read in The US Sun SICKLY VLAD Sickly Putin's hands seen 'turning black' as tyrant 'has Parkinson's' & cancer WOAH, DADDY! Teen Mom fans go wild after spotting Tyler's bulge again in skintight bodysuit TODAY'S MISHAP Today host Al suffers live TV blunder & said producer was waiting for fumble MAD AT MACI Teen Mom fans 'sick & tired' of Maci Bookout's 'unfair' treatment of her kids QUICK CHANGE People say I go from 5 to 10 when I take off my work clothes WOAH, WHOOPI! GMA fans shocked after The View's Whoopi Goldberg joins morning show Pump prices are heading back close to the recent painful summer of debilitating filling up costs. Petrol is now averaging £1.66 per litre and average price of diesel is a staggering 24p more, at an eye-watering £1.90 a litre. The price gap with diesel is now 166 per cent higher than the difference against petrol we were paying on June 8, when petrol was just four pence less. I have never seen such a huge difference between petrol and diesel prices. Diesel makes up 65per cent of the fuel dispensed on our forecourts. It is the commercial heartbeat of UK Plc. Euro 6 diesels are cleaner than petrol too, so it would be the height of economic insanity to hike tax on the very resource that is the best route to reducing the cost of living crisis. And the production of diesel here in the UK has steadily declined over the last decade, which means the amount we import has increased massively. As a result diesel is much more of global commodity – making it easier for faceless speculators to gamble and manipulate prices. Most diesel is now transported on cargo ships, which can be held up at sea to get the best price available. The war in Ukraine has created a perfect storm for the fuel supply chain to take advantage of a vital national resource and to price it to the maximum. Profiteering in the fuel supply chain is ruthless, unchecked, and opportune. On top of that, UK drivers are still among the highest taxed motorists in the world. An astonishing 44.5 per cent of the price we pay for a litre of diesel goes in tax, VAT and fuel duty – compared to just 25.3 per cent in Poland. The price of fuel impacts on everything we buy, yet controlling the amount we pay at the pumps is still being ignored. How many more Chancellors do I need to educate that the way to grow the economy is to make a big cut in fuel duty? As one hardened MP and former Finance Minister told me: "Drivers are pure cash cows to the Treasury, Nothing more, nothing less. "No one in Number 11 Downing Street sees them as a solution to grow the economy. The anti-driver attitude remains entrenched in my government." At the despatch box on November 17, the Chancellor must prove my political cynicism wrong. He must cut fuel duty big, to drive down prices and boost consumer confidence. Cutting this regressive tax must be seen to be an economic stimulus not the usual mistaken belief there will be a loss of tax income to the exchequer. Jeremy Hunt must know that most of us are reliant on our vehicles because of a lack of feasible or practical alternatives. Rural communities are devoid of decent public transport. Above all, the cost of transport and logistics is the biggest influencer on inflation. At a stroke of his fountain pen, the Chancellor can slash one of the world's highest motoring taxes to relieve the cost of living crisis. That will meet Rishi Sunak's leadership campaigning promise, to tackle inflation. Cutting fuel duty will stimulate the economy, definitely deliver extra GDP, more business investment, higher wages, increased consumer spending and more growth taxes. Not my words \- but a statement published way back in 2014 by the Treasury themselves. Nothing has changed since then. Read More on The Sun NO KIDDING I'm 17 & already a mum... trolls say I only got pregnant to get benefits Chancellor Hunt, millions of us are looking for some financial common sense from you – to cut fuel duty in a fortnight's time. Don't use the stick, get the carrot out for a change and give us all some hope!
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