Thursday, March 11, 2010, 00:18 - Announcements
Posted by Administrator
This coming budget has got to be one of the most trickiest for any chancellor in UK history, weeks before an election, in an economy balancing on a knife edge, for a government that's run out of cash? Posted by Administrator
It will be interesting to see what wins, the vote winning policies, or the change to rake in some extra cash. Any budget that doesn't put forward plans to reduce debt and cut costs will be seen a irresponsible. And any budget that hits personal tax rates, and the pennies in the pocket is sure to be an election loser. The Conservatives still maintain the need to cut spending quicker, and many economists and the labour government warn that doing such will be the quickest route to a double dip recession.
So, it is likely that the government will seek to raise cash in the quietest ways possible. And Fuel tax is always an obvious candidate, particularly when fuel prices are lower than the public have been used to. But the Road Transport industry, the hauliers, and couriers are the ones that will bear the brunt of this, extra costs for an already struggling industry. In the 2009 budget the government sneakily raised fuel duty and disguised it with a cut in VAT, a tactic that kept the public sweet whilst the haulage and road transport industry, and the couriers, were simply left with a higher fuel costs.




( 0 / 0 )



Calendar



