England is going to be grinding to a very painful halt within the next 6 month...I can almost guarantee it. Petrol has just gone over £6 (Almost $10USD) per gallon, (Diesel passed this mark awhile back) - Fuel Tax is actually around 80% of what we pay at the pumps, so imagine what the ACTUAL cost of fuel is, and how much money people are giving to the government everytime they put the nozzle in the tank.
In 2007 when prices where around 95.1pence per litre, 63.7pence of that was TAX, now deduct that from the price, and remove around 15% (which is roughly what the garages will have added to get a profit) and then remove another 15% of THAT price for what the manufactorer will have added give themselves a profit, and you have the actual price of fuel (22.68pence), now, for the manufactorer and the garage to both still have thier 15% profit, and the government not bit you in the ass, the fuel would have cost 30pence per litre.
Now that the price has gone to £1.40+ per litre, tax is around 97pence of this.
Thought we only paid 20% tax in the UK? Think again.
In 2007 when prices where around 95.1pence per litre, 63.7pence of that was TAX, now deduct that from the price, and remove around 15% (which is roughly what the garages will have added to get a profit) and then remove another 15% of THAT price for what the manufactorer will have added give themselves a profit, and you have the actual price of fuel (22.68pence), now, for the manufactorer and the garage to both still have thier 15% profit, and the government not bit you in the ass, the fuel would have cost 30pence per litre.
Now that the price has gone to £1.40+ per litre, tax is around 97pence of this.
Thought we only paid 20% tax in the UK? Think again.






























