Peterdev
Well-known member
- Joined
- 17 Dec 2017
- Messages
- 4,305
I see this old chestnut is coming up now that a windfall tax should be imposed on oil companies.
What would be more appropriate would be see the price at the pump be reduced to allow transportation costs to be less for business and consumers. This would allow prices to be stable in the shops rather than having rocketing inflation.
No doubt interest rates will be soaring by double today….still only minuscule to 0.5%. That will hardly make any difference to rising prices. Nor will there be any encouragement to consumers to save.
The government coffers will certainly be boosted by increased taxes on petrol prices as well as any possible windfall tax.
Everything the government do seems to be too little. The pandemic has certainly had its impact on the economy
What would be more appropriate would be see the price at the pump be reduced to allow transportation costs to be less for business and consumers. This would allow prices to be stable in the shops rather than having rocketing inflation.
No doubt interest rates will be soaring by double today….still only minuscule to 0.5%. That will hardly make any difference to rising prices. Nor will there be any encouragement to consumers to save.
The government coffers will certainly be boosted by increased taxes on petrol prices as well as any possible windfall tax.
Everything the government do seems to be too little. The pandemic has certainly had its impact on the economy