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BBCNEWS The Papers June 4, 2024 08:42:00

Prime minister did so because he has veered so far to the path of true conservatism rather than because he is inept and making a fool of the party. but yes, the story is obviously that instead of waiting until 2024 for the next set of tax cuts we ought to bring them forward now and have then two years before and election so that people, so that the struggle that we are all having between heating and eating is eased. the ip extra in income tax should be brought in straightaway, instead of which of course we got the rise in national insurance coming up next month and we have got effectively cut for many of us in our take home wages coming up. i do wonder when we are looking at all of these, why there can t be stealth easing, why not bring down perhaps some of the duty on fuel which i think it s around 49p in every litre or gallon that we are buying, every litre that we are buying is government tax, why ....

Prime Minister , Tax Cuts , Income Tax , Government Tax , Stealth Easing ,

BBCNEWS BBC News June 4, 2024 16:05:00

It s a killer, it is actually a killer. i don t know how we re going to carry on affording travelling. it s horrendous, i don t know how people are going to survive. i rely on my car all the time and it is a huge cost to everybody. today, i can announce. in march, the chancellor announced a cut in fuel duty of 5p per litre, but ever since there have been concerns it is not being passed on to consumers, and now ministers have instructed the independent regulator to investigate. we have asked the authority now, the market authority, to have a look at this, to make sure, do a quick review, a proper review but quickly, to see why and how this money is being passed on to customers. we want to see this reduction being passed on to the public. a review is something the labour party had been calling for. i see the business secretary has finally got around to saying that today, because naming and shaming, which was their previous policy, just was never going to work. ....

British Army In March , Fuel Duty , Market Authority , Business Secretary , Labour Party ,

BBCNEWS World Business Report June 4, 2024 04:32:00

The vans are taking about £130 each to fill up for the week. it s up to over £300 a week, where it was, you know, down in the 200s beforehand. everyone s struggling. we re struggling at home. the staff are struggling. you know, we re all struggling. so, it s not only fuel, it s everything else that s going up. at least his business can claim back the vat on fuel, a tax break not available to regular motorists, spending on average over £100 on a tank of petrol for the first time. the price at the pump is about more than just the cost of fuel. in fact, of that £1.82 record per unleaded litre, only 9ap is the cost of the petrol itself. transporting it costs 2p. the retailer takes a margin of 3p, then the government adds 53p in fuel duty recently cut from 58 and then puts vat on the whole lot for another 30p. so 46%, nearly half, is tax, ....

200s Beforehand , Everything Else , Vat On Fuel , 41 82 ,

Petrol prices up again to 2.018 euros a litre - English Service

Gas prices in Italy have risen further, with the average price of unleaded petrol at self-service pumps climbing to 2.018 euros a litre, up from 2.009 euros last week, according to data from Quotidiano Energia. © ANSA ....

Quotidiano Energia ,

BBCNEWS World Business Report June 4, 2024 04:35:00

Is a question you have to answer when you are wondering what the price will go to. given the global nature of this, it is not something unique to the uk. other countries are grappling with it as well. what have we seen in terms of different approaches different governments have to deal with the soaring cost of fuel? ~ ., , deal with the soaring cost of fuel? ~ . , . , fuel? we have seen much bigger reducers in fuel? we have seen much bigger reducers in the fuel? we have seen much bigger reducers in the duty fuel? we have seen much bigger reducers in the duty that - fuel? we have seen much bigger reducers in the duty that other i reducers in the duty that other countries are applying, and if we look at france, for example, they reduced their duty rate by 15 cents per litre, that is in euros and that equates to about 12p. germany has done a similar thing. they reduced their duty by 1a cents a litre, again, around 12 cents a litre. we had around 12 cents a litre. we had a 5p reducti ....

Duty Rate , 1a Cents , About 12p , 5p Reduction ,