Watch Osborne drive us car-azy over cheap fuel THIS WEEK?
ENJOYING those “cheap” prices at the petrol pump? Well, better make the most of it.
Because it turns out that Chancellor of the Exchequer George Osborne has once again got his sums wrong – and you’re the ones who’ll have to pay for it.
An independent think tank has found a gaping £3billion black hole in Osborne’s spending plans – which is going to have to be found from somewhere. promised to keep a freeze on fuel duty.
So what the Chancellor will most likely have to do now is introduce an inflation-based rise instead – after which he’ll claim duty is still technically “frozen” and then stick his fingers in his ears while singing “la la la”.
It’s not as though our supposedly “cheap” petrol is actually anything of the sort.
Sure, it was nice to see one of our local supermarkets offering unleaded at 99p a litre on Monday.
Didn’t we all celebrate as we filled our vehicles to the brim!
But when you remember that around 73 per cent of that 99p goes directly into the Treasury coffers, you realise we’re STILL getting taxed to the hilt.
Worse still, the exact product at the exact same volume – just one litre – costs on average about 36p in the petrol-guzzling United States of America.
And while nowhere near as reasonable as across the pond, our European Union neighbours in France, Germany and Spain pay less for their petrol than we do, too.
Not such a fantastic deal for UK drivers after all, eh.
So prepare for Osborne’s weird eyes glowering out from a TV screen near you very soon – lying through his carefully manicured teeth about why he’s so unbelievably crap at maths.