Wednesday, March 23, 2011

Fair Fuel Price Fixing

Was a little busy, hence the lack of live blogging, but I did listen to the Budget. So the headline is going to be that fuel duty is cut by 1 penny from 6pm tonight and a fair fuel price fix stabiliser will be introduced.

Naturally, the Tory MP wannabe party arselicker line will be that it's effectively a 5p per litre saving on Labour's plan. This does of course require a suspension of reality on the viewers part by thinking that an unimplemented rise equals a saving of the same amount to the people that are paying.

No doubt such intellectually illiterate idiots would fall for a supermarket saying it had decided not to rise the price of milk from 50p to £1 with advertising of "Save 50p on a pint of milk".

Anyway, I digress. So George Osborne has canceled the automatic fuel escalator that puts a penny on a litre above inflation each year. Well, canceled at least until the price of oil starts to go down again at which point, if it stays low, the escalator will be reintroduced.

Sounds like price control to me.... all very Thatcherite huh?

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