|As Petrol Prices Rocket, The Goverment Makes More In VAT|
George Osborne has all but ruled out any cut to fuel duty in the Budget.
But with petrol more highly taxed in Britain than in almost any other country, how on earth are hard-working families and businesses supposed to afford these eye-watering prices?
|Petrol Already At £1.50 A Litre On Some Forecourts|
Currently, VAT is charged at the standard rate. So as the price of fuel rises, the amount of VAT taken by the taxman also rises.
So come on Chancellor, announce a temporary cut in VAT and give us all a break!