Letters To The Editor
Letters To The Editor is the online edition of Hear All Sides, the daily letters page from The Northern Echo.
Fuel prices
BERNIE Walsh (HAS, May 5) has,
I'm afraid, succumbed to the
media brainwash that
accompanied BP and Shell's recent
profits announcements.
Both are international
companies that make almost all
their profits from their overseas
operations, not from British
forecourts. It is worth adding that
those profits are gross amounts
that are taxed and they also
contribute to the spend that oil
companies make to find new
deposits of oil.
Also, for every penny that those
companies raise the price of fuel,
the Chancellor of the Exchequer
greedily rises the price a further
two pence, thus we pay three pence
more. For every £1.10 we hand over
for a litre, the Treasury gets
around 75p. It rubs its hands with
glee every time the price goes up, it
helps try to offset the mess it,
particularly Gordon Brown, has
made of the nation's finances since
1997.
Fuel taxes are higher in Britain
than almost anywhere else in the
world.
No, the people who should be
giving money back to us is our
Government, not the oil
companies. Fuel taxes should at
least be reduced to the level that
gives the Treasury the revenue it
estimated before the March
Budget. Why should it enjoy a
windfall?
Derek Thornton, Stanley Crook,
Co Durham.
12:19pm Friday 9th May 2008
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CommentPosted by: David Lacey, Newcastle on 1:47pm Mon 12 May 08
You are absolutely correct Derek. Sadly some people see profits made by big companies as bad - then draw their pensions which are funded out of the revenues so earned. A word to describe this is hypocracy.
You are absolutely correct Derek. Sadly some people see profits made by big companies as bad - then draw their pensions which are funded out of the revenues so earned. A word to describe this is hypocracy.
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