8 Mar 2008

 

 

By Tony “The Bod” Lawrence

After a season of record prices the Chancellor Alistair Darling may have to think again on Petrol duties, when he plans for his Budget next week.

 Mr Darling is aware that prices at the pump are already hitting the motorist and a change in his plans seem inevitable.

However the warning is plain to see and a big hit on the owners of 4x4’s,Chelsea Tractors and other gas Guzzlers is on the cards.

The chancellor is determined to push through a green plan to pillage the most polluting of vehicles ,but at the same time reward the less polluting vehicle that do less to harm the environment.

New vehicle excise will come in force to help raise some much needed revenue.

A rise in the Band G vehicles which include Range Rovers and Sports cars ,can be expected and a fall is likely for Low emission vehicles such as the Toyota Pruis

The planned 2P duty planned for this year may be stalled and a smile may be seen on Company drivers faces, as possible tax breaks could happen ,but, only for the low emission cars, so after lifting the tax by 2P last autumn, he may wait until this October and see how the land lies or leave it until 2009 when the next scheduled rise comes to fruition.

There are signs most certainly causing concern at Number 11, as the cost of oil hit a record high of $106 a barrel in New York which would mean an average price at the pump in the UK now stands at £105.99 a litre or £4.81 per Gallon.

In his final budget as Chancellor, the Prime Minister announced hikes in Road tax for Band G vehicles from £300 to £400 with a cut for Band B from £40 to £35, some sources think that an extra rise will follow on Wednesday’s Budget.

 

The Chancellor could consider chopping the Petrol duty.

But his budget will hit the guzzlers!

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