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Fuel price increases are counter-productive
So the fuel duty increases will continue, although the Chancellor will kindly 'keep an eye on oil prices.' Fuel duty will increase by 2p per litre in September and then by 1p a litre above indexation each April for the next four years.That's an extra 6p per litre by 2014. This policy was originally introduced as a 'green' measure to encourage fuel efficient vehicles but it's now morphed into just another form of indirect taxation.
It's not just the supercar-driving rich that suffer - they're unlikely to notice the rise - it's the businesses that rely on cars, vans and trucks and have no sensible alternatives. The government needs successful businesses if it's ever to repay off its colossal debt and so increasing the cost of doing business seems counter-productive.
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