Have Higher Fuel Prices Finally Introduced The Green Factor?
While governments around the world have been fleecing the population in the name of green issues for many years, it seems that the rise in the price of oil has succeed in converting many where the government ' sledge hammer to crack a nut' approach has failed.
Over the last 20 years there can be few countries in the world that have experienced the introduction of as many taxes in the name of the environment as the UK. If it moves or uses energy it seems as though the government want to tax it even more. However, while consumers have always fought against being pushed down the 'green route' it seems that many are now starting to cut the amount of fuel they use.
More and more drivers are walking where possible to save money, car sharing with work colleagues to cut back on their everyday costs and being more economical with the energy they use in their homes. While the governments around the world will no doubt step in at some stage to 'claim the glory' or a new 'green revolution' the fact is that the rise in the price of oil has 'broken the back' of many consumers.
Share this..
Related stories
FTSE 100 loses 300 points since the turn of the year
Having ended 2009 on a relatively positive note, the FTSE 100 index has lost 300 points since the turn of the year and now stands at just over 5150. Serious jitters persist within the investment market regarding the UK economy and the worldwide economy and even better-than-expected unemployment figures from the US failed to get investors back onside. The next few weeks are vital for the UK econ...
Read MoreAnother House Price rise takes London average past £500k
According to property website Rightmove, average house prices across the UK have risen for the fifth consecutive month, while average prices in the capital have surpassed half a million pounds. This year the property market has had its strongest start since 2004, and prices are now an average of 9.1pc higher than at the end of 2012. All regions across the UK also posted positive results, highli...
Read MoreMinisters Again Call For High Taxes For The Rich
As the support for the Labour Party continues to haemorrhage it is no surprise to see the latest call for higher taxes for the rich. In a move of breath taking nerve, health minister Ivan Lewis has repeated the recent call for higher taxes for the rich in order to support those at the lower end of the income scale. It seems that Labour is looking to return to its core supporters and ditch the mi...
Read MoreLloyds bank to decide on £10 billion rights issue over next seven days
It is rumoured that Lloyds bank will decide whether or not to go ahead with a proposed £10 billion rights issue by 23 October. Market insiders have suggested the company is coming to a critical point in its refloating and refinancing of the operation, something which will need the go-ahead from the UK government, the Treasury and various financial regulators. This is a very important period for L...
Read MoreUK retail sales increased by 0.3% in December
UK retail sales increased by 0.3% in December which is a far cry from analysts expectations of a 1% increase. However, when you consider the number of positive trading statements we have seen over the last few weeks it seems rather bizarre that sales on the whole only increased by 0.3%. This disappointing retail sales figure will do nothing for the UK stock market and investors who have suddenl...
Read More