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Budget 2013: The Headlines


The following was provided by the Conservative Party in summary of the Budget 2013. In a tough economic situation, the British people know there are no easy answers or short cuts. But we are succeeding, slowly but surely, in fixing those problems. We’ve now cut Labour’s record deficit by not just by a quarter – but by a third. We’ve helped create 1.25 million new private sector jobs. Interest rates remain at record lows. Income tax The amount people can […]

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Taxes, currency debasement and the OFT report on pump prices


Via the Office of Fair Trading, Rises in pump prices for petrol and diesel over the last 10 years have been caused largely by higher crude oil prices and increases in tax and duty and not a lack of competition, an OFT report has found. and, emphasis mine, The OFT found that, pre-tax, the UK has some of the cheapest road fuel prices in Europe. In the 10 years between 2003 and 2012 pump prices increased from 76 pence per […]

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