Inflation down

**Chris** · 15-11-2011, 09:35

BBC breaking news, link to follow ... CPI inflation is down to 5% from 5.2% last month.

**Damien** · 15-11-2011, 10:04

http://www.bbc.co.uk/news/business-15733539

Quote:

Originally Posted by BBC

The rate of Consumer Prices Index (CPI) inflation in the UK fell slightly to 5% during October, down from a rate of 5.2% the month before.

Falls in the price of food, air transport and fuel helped to push the inflation rate lower

.

chris9991 · 15-11-2011, 10:21

Five percent is still pretty high

Osem · 15-11-2011, 10:24

A little good news at last, however, I can't see much scope for further falls in the price of fuel. I reckon the best we can hope for is that planned duty rises don't go ahead.

chris9991 · 15-11-2011, 10:31

In the New Year the effect of the VAT increase will drop out of the equation as the VAT rate will be the same for the year-on-year calculation

Alan Fry · 15-11-2011, 10:34

can they scrap fuel duty, it only rasies a few billion a years, but keeps rasies inflation higher

Osem · 15-11-2011, 10:41

Quote:

Originally Posted by Alan Fry

can they scrap fuel duty, it only rasies a few billion a years, but keeps rasies inflation higher

Maybe they will and maybe it'll make economic sense to do so. I think we've got to the point where a lot of people are finding fuel prices such that they're having to make major changes to their lifestyles and jobs. Now whilst it may be good for the planet for us all to drive less, it probably isn't good for the Chancellor so maybe he'll decide that he'll gain more by abandoning the planned rises and avoiding another major fall in fuel sales. It'd be interesting to see some official stats on the effect of duty increases on sales and overall revenue.

chris9991 · 15-11-2011, 10:59

Try this report

https://www.uktradeinfo.com/index.cf...ashPlayer=true

**Maggy J** · 15-11-2011, 11:03

http://www.bbc.co.uk/news/uk-politics-15730087

Quote:

MPs are set to debate a motion urging the government to stem fuel price rises amid a public outcry over costs.
Tory MP Robert Halfon's motion was tabled in response to an e-petition signed by more than 100,000 people and is supported by more than 100 MPs.

Snowball>Hell.

Kingofthedead4 · 15-11-2011, 11:43

I think instead of cutting the top rate of vat (50%) they should knock a few pence of fueal duty, that would mean more people and business's would have more money and be able to kick-start the economy.

Alan Fry · 15-11-2011, 14:48

Quote:

Originally Posted by Kingofthedead4

I think instead of cutting the top rate of vat (50%) they should knock a few pence of fueal duty, that would mean more people and business's would have more money and be able to kick-start the economy.

why are you not Chancellor of the Exchequer?

You are a better Chancellor of the Exchequer than George Osbourne

denphone · 15-11-2011, 15:51

Quote:

Originally Posted by Osem

A little good news at last, however, I can't see much scope for further falls in the price of fuel. I reckon the best we can hope for is that planned duty rises don't go ahead.

l cannot see the planned duty rises not happening as they are desperate to get every penny from us as they possibly can.

Osem · 15-11-2011, 16:03

Quote:

Originally Posted by denphone

l cannot see the planned duty rises not happening as they are desperate to get every penny from us as they possibly can.

Their need for money is well known as is its root cause. The question is could HMG raise more revenue by NOT increasing duty on this occasion. In better days people have paid up and not drastically altered their usage of fuel. Now I believe we're at the point where each increase results in lower fuel sales. HMG needs to know at what point does the reduction in fuel sales outweigh the increased revenue though increased duty on lower volumes?

denphone · 15-11-2011, 16:06

Quote:

Originally Posted by Osem

Their need for money is well known as is its root cause. The question is could HMG raise more revenue by NOT increasing duty on this occasion. In better days people have paid up and not drastically altered their usage of fuel. Now I believe we're at the point where each increase results in lower fuel sales. HMG needs to know at what point does the reduction in fuel sales outweigh the increased revenue though increased duty on lower volumes?

l one hundred per cent agree but whether they see it that way is another matter.

mertle · 15-11-2011, 16:45

Quote:

Originally Posted by denphone

l one hundred per cent agree but whether they see it that way is another matter.

they dont I wonder how much damage green taxes tipped the balance anyway it seemed governments thought the system could be milked more with stealth taxes.

Denmark come up with fat tax this government looking too. I think its crazy tax.

Countries desperate as more jobs losing at moment its not that bad but once the impending recession hits then jobs go in big way. Then it will implode bigtime. Surely onus now try ofset much possible even if countries lose triple X rating.

Keeping people in jobs now priotrity in my opinion as this gives them the revenue but ease burden by easing or even abolishing some taxes. Hopefully stimulating the economy put money in people pockets drive the stalled economy forward. Inturn creates jobs increases government revenues to then be able to narrow debt.

But it need all pulling together to strive to create jobs not greed. Once we do this I am sure things would recover banks should help stop being paranoid about triple X help governments by lowering interests on debt to government.

Priority to get worlds economy working how it should been not for greed. Once recovered never get in the mess again.