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IC : Weblogs : submike_m42 : "UPDATE petrol prices (newsflash)"
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UPDATE petrol prices (newsflash) (15)
submike_m42's profile
Posted by submike_m42 on Tue 3 Jun 08, 1:58 PM
Ok there was I, showering before work when it dawned on me, I had made an error in my calculations.
You see according to one respondant in my earlier blog the excise duty on fuel is 49.35p per litre obviously we have to add VAT onto that, which I did.
However we pay VAT on the whole fuel bill, not just the excise duty.
So the correct figures are as follows based on unleaded at £1.15.9 per litre. Without VAT that equates to 95.62p per litre, less the fuel excise duty at 49.35p per litre, leaves 52.27p per litre, to be divided up between the oil producers (OPEC) and the retail chain. The rest is tax.
So Mr Brown and his cronies are making 63.20p per litre.
Multiply that by 4.545 to convert litres to gallons means that for every gallon costing £5.27, at the pump, Brown is making £2.87.
Putting that in perspective, if your car takes 60 litres of fuel costing a total of £69.54.
Brown gets £37.92 each time you fill up. Yes folks its over half of what you pay.
Translating that to my situation of a tank a week £1971.84 in tax alone, per annum, just to put fuel in the car, not including VAT on tyres, exhausts and other maintenece items such as servicing. Oh and not forgetting road tax.
Thats just one car, think of the revenue being coined in when you count all the cars in the country. My car is not big or flash, merely a middle of the road car doing 30mpg. So its probably a good guide to use, as some cars do more mpg and some do less.
The government could afford to take a little less at the pump, and help offset the high price of oil, if they wanted to.
Replies
3 Jun 08, 2:28 PM
bohnanza
UK(FK), 9 yrs
Y!
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So where do you suggest the money for the NHS, police, education etc, comes from instead? Could you afford to pay for a heart transplant of a course of chemotherapy from loose change? Science, the only religion that works even if you don't believe in it.
Collectively the crowd is correct. Individually they are inaccurate.
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3 Jun 08, 3:17 PM
Twinkletoes
UK(DL), 2 yrs
Y!
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bohnanza wrote:
So where do you suggest the money for the NHS, police, education etc, comes from instead? Could you afford to pay for a heart transplant of a course of chemotherapy from loose change?
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It's not as simple as that.
If the Government hadn't wasted so much money in the last ten years the tax on petrol (and all the other taxes, stealth or otherwise) wouldn't need to be so high. No money has been set aside for a rainy day.
The Internet is the first thing that humanity has built that humanity doesn't understand, the largest experiment in anarchy that we have ever had.
~Eric Schmidt
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3 Jun 08, 3:27 PM
bohnanza
UK(FK), 9 yrs
Y!
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Twinkletoes wrote:
bohnanza wrote:
So where do you suggest the money for the NHS, police, education etc, comes from instead? Could you afford to pay for a heart transplant of a course of chemotherapy from loose change?
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It's not as simple as that.
If the Government hadn't wasted so much money in the last ten years the tax on petrol (and all the other taxes, stealth or otherwise) wouldn't need to be so high. No money has been set aside for a rainy day.
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What have they wasted it on? Science, the only religion that works even if you don't believe in it.
Collectively the crowd is correct. Individually they are inaccurate.
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3 Jun 08, 3:29 PM
Twinkletoes
UK(DL), 2 yrs
Y!
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bohnanza wrote:
Twinkletoes wrote:
bohnanza wrote:
So where do you suggest the money for the NHS, police, education etc, comes from instead? Could you afford to pay for a heart transplant of a course of chemotherapy from loose change?
|
It's not as simple as that.
If the Government hadn't wasted so much money in the last ten years the tax on petrol (and all the other taxes, stealth or otherwise) wouldn't need to be so high. No money has been set aside for a rainy day.
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What have they wasted it on?
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Hmmmmmm...computer systems that don't work, massaging the unemployment figures to name but a couple.
The Internet is the first thing that humanity has built that humanity doesn't understand, the largest experiment in anarchy that we have ever had.
~Eric Schmidt
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3 Jun 08, 3:38 PM
MissKitty
UK, 7 yrs
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bohnanza wrote:
So where do you suggest the money for the NHS, police, education etc, comes from instead? Could you afford to pay for a heart transplant of a course of chemotherapy from loose change?
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Who said it goes on there - lets all sing!
"feeeeed the chaaa-aavs, don't they know it's burbury....." In a special appeal this chistmas, think of the chavs... £5 will get them a packet of fags, £10 a new burbury cap, £500 will house a council estate baby factory for a whole month! So be generous with your taxes and make sure a chav can sit on the dole this year Miss Kitty
=^.^=
www.cloven-heart.com
"It's better to be hated for who I am, rather than loved for who I'm not"
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3 Jun 08, 3:56 PM
MisterBear
UK(WA), 5 yrs
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bohnanza wrote:
So where do you suggest the money for the NHS, police, education etc, comes from instead? Could you afford to pay for a heart transplant of a course of chemotherapy from loose change?
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Well the police get paid from the council tax, or at least according to the break down I get each year they are. Heh, me lead you? Lady look at me, I don't even know where the hell I am half the time!
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3 Jun 08, 4:01 PM
Twinkletoes
UK(DL), 2 yrs
Y!
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A wee search on the tinternet will throw up other areas of waste but following link is a starter for ten.
http://www.moneyweek.com/file/7066/how-new-labou...
The Internet is the first thing that humanity has built that humanity doesn't understand, the largest experiment in anarchy that we have ever had.
~Eric Schmidt
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3 Jun 08, 4:16 PM
Grimly
UK, 7 yrs
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bohnanza wrote:
What have they wasted it on?
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Well lets see ....consultants, managers, politically correct nonsense, spin doctors, bureaucracy , jobsworths, red tape, computer systems that don't work, ID card trials for something the population don't want,
And what have we got for all this money? Rising crime, break down in law and order, and no noticeable improvement in services, indeed a deterioration of some. I cant see much that has got better over the last 10 years
Typical bloody tax and spend Labour when will we ever learn!
I'm not just politically incorrect ….I'm politically incoherent!!!
If you can meet with Triumph and Disaster And treat those two impostors just the same you must be on prozac
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3 Jun 08, 4:44 PM
babycakes
UK, 3 yrs |
You also forgot how much the MP's can claim back for the upkeep of their houses and other various expenses we have to pay for!
That is a particular favourite of mine! It's never too late to be what you might have been
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3 Jun 08, 6:08 PM
Sarah_x
UK, 2 yrs |
bohnanza wrote:
What have they wasted it on?
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Iraq? Afghanistan?. IVF? Immigration? Grants? Propping up Banks? British Rail. MP expenses and pay rises,second homes etc? CSA computers? Nimrods that dont work...need we go on????
xx
Life is short so treat others as you would like to be treated and hope for the best
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