All Blog Posts Tagged 'fuel' (1)

A few decades ago, when income tax hit 98%, most high earners went into tax exile. Now the top rate of tax is a reasonable 50%, although it’s due to drop to 40% (also reasonable) as soon as the government can swing it. Tax on fuel is an unreasonable 66% but people hit by the artificially high price can’t afford to fill their tanks, let alone decamp. Ministers justify the unjustifiable by saying they need to raise another £1.5bn. As I keep saying, traffic system reform offers kind cuts in the…