If you had hopes that Prime Minister Gordon Brown would reduce fuel duty, forget it. With the Northern Rock fiasco he is likely to have a huge hole on the Government finances. According to the BBC reports, Northern Rock could cost us £40 billion or the equivalent of £1,300 a year or put another way more than the annual defence budget of £33 billion.
That might well reduce if he manages to sell the Rock but even still it looks as if taxpayers money will have to be used. In such a situation, he is more likely to raise taxes to fill the gap rather than reduce them. he isnot exactly likely to reduce fuel duty.
Meanwhile Transaction 2007 is sounding out its members about a day of demonstrations. This will probably be held on a Saturday and involve members driving into selected towns a cities to show their concern over fuel prices.
It says “Although there is a strong desire to stage the event before Christmas the Authorities might not permit this given the seasonal shopping traffic. Whether a delay until the New Year will blunt any impact remains to be seen.”