Anorak | The Budget: Motorists Need Petrol For Bombs

The Budget: Motorists Need Petrol For Bombs

by | 24th, March 2011

THE stupid headline of the week surely has to be from the  Financial Times which declares: Cut in fuel duty placates motorists. I haven’t spoken to anyone since the budget speech who hasn’t treated little Georgie’s “penny off” with derision. But then the  FT actually tells you why that should be, in the very article that has such a daft headline:

For a two-car family, the monthly cost of filling up petrol tanks has risen by £34.40 to £283.47 over the past year, according to the AA. Motorist groups said that the cut in fuel duty would provide relief for drivers, but the average savings for families would equal just £14 a year.

So, petrol has gone up by £412.80 in a year for an average two-car family, but the average saving is £14 for the same period. And people are supposed to be grateful?

Despite its daft headline on this, though, the same paper offers a perfectly sensible story, telling us: “Ireland’s bond yields leap on default fears.” The contrast is quite extreme, making you wonder whether they really

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Posted: 24th, March 2011 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink