Flightmapping's Blog

I’ve lost count of the number of people who have tried to get me join Facebook groups, or sign petitions against the recent fuel price rises.  There are two very simple reasons why the price of fuel is so high — one is a simple combination of supply and demand, which as a free marketeer I can’t complain about, and the other is the rate of duty the UK government imposes on petrol and diesel.
Many people might quite reasonably argue that fuel duty is extortion, but our government needs to get its money somehow, and just as we haven’t really heard how a Conservative government would reinstate the 10p tax bracket, I’m not really convinced that anyone has any serious proposals to reduce the tax rate on fuel, without commensurate increase in other taxes, such ...