Osborne promises lower fuel duty when price of oil is high
George Osborne promises lower fuel duty when price of oil is high, higher duty when oil price falls In one of his most important announcements since becoming Shadow Chancellor, George Osborne has promised to introduce relief for motorists facing a double whammy of higher fuel duty and higher oil prices. At the moment fuel duty automatically goes up when the price of oil goes up. Under the Conservatives' "Fair fuel stabiliser" the duty will fall when the price of oil goes up. The quid pro quo, however, would see duties rise when oil prices fell back. Mr Osborne, making the announcement on BBC1, told Andrew Marr that if the Conservative policy was in place today motorists would be paying 5p less than they are currently paying under Labour. A consultation paper is being launched later today which will determine exactly how the "fair fuel stabiliser" will work. http://conservativehome.blogs.com/torydiary/2008/07/george-osborne.html Watch Gormless & Dahhlink announce a watered down meaningless version of this soon.
George Osborne promises lower fuel duty when price of oil is high, higher duty when oil price falls In one of his most important announcements since becoming Shadow Chancellor, George Osborne has promised to introduce relief for motorists facing a double whammy of higher fuel duty and higher oil prices. At the moment fuel duty automatically goes up when the price of oil goes up. Under the Conservatives' "Fair fuel stabiliser" the duty will fall when the price of oil goes up. The quid pro quo, however, would see duties rise when oil prices fell back. Mr Osborne, making the announcement on BBC1, told Andrew Marr that if the Conservative policy was in place today motorists would be paying 5p less than they are currently paying under Labour. A consultation paper is being launched later today which will determine exactly how the "fair fuel stabiliser" will work. http://conservativehome.blogs.com/torydiary/2008/07/george-osborne.html Watch Gormless & Dahhlink announce a watered down meaningless version of this soon.