Thread: Budget...
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Old 24th March 2011, 09:22 AM
Mr K Mr K is offline
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Join Date: Dec 2009
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Quote:
Originally Posted by IT View Post
I think its cumulative, so drop 1p on duty, then you drop 20% VAT as well on top of that and well, not really sure how it mounts up...

but, they said 1p fuel duty rise was going to take it up about 4p, so we'd expect a 1p cut to take it down about that much ?

Anyway, its going the right way for me so thats all good...
I thought the 1p cut bought it down 1p... but they also binned the 'fuel duty esculator' which was supposed to take it up 5p. So we are effectively 6p better off, but only 1p cheaper than iwas.
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