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11 Mar 2008
Chancellor Alistair Darling is understood to be prepared to postpone a 2p rise in fuel duty until autumn, following a backlash from motorists concerned about the soaring cost of living.
He believes more sophisticated environmental taxes such as penalising ‘gas guzzlers’, are more likely to encourage ‘green’ behaviour, The Daily Telegraph reports.
As oil prices hit a new high of $US107 (₤53) a barrel yesterday, pushing the average cost of a litre of unleaded petrol to more than 105p – a 20% hike in 12 months – a Treasury source said the government understood rising fuel costs were of increasing concern and a delay was likely.
‘Darling does want to send out a signal that fuel use needs to be cut and people have to pay for the environmental damage. However, previous fuel duty rises have been delayed,’ the source said.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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