Pounding at the pump: UK map reveals where drivers will be hit hardest by fuel tax hike of 12p a liter this March
- Fuel tax could rise by 12p a liter this spring, up 23%
- Analysts say tax hike will be ‘devastating’ to drivers outside London
- Residents of the East Midlands, West Midlands and North East will be hit hardest
Non-London drivers will be hit hardest by Jeremy Hunt’s proposed 23%. The fuel tax will go up in March this year.
Fuel taxes could spike by as much as 12p a liter this spring, potentially ‘devastating’ to drivers outside the metropolitan area who consume twice as much petrol as Londoners, an analysis shows. rice field.
According to data collected by FairFuelUK, residents of the East Midlands, West Midlands and North East are expected to feel the effects of hiking the most.
Analysts predict that the fuel tax hike will cause economic damage by adding 2.3% to inflation, cutting GDP by 1% and losing 31,000 jobs.
Fuel taxes could spike by as much as 12p a liter this spring, potentially ‘devastating’ to drivers outside the metropolitan area who consume twice as much petrol as Londoners, an analysis shows.
London households spend 2.2% of their spending on petrol pumps, FairFuelUK researchers told MailOnline.
However, more than 90% of all household fuel spending occurs outside the capital, and all other regions spend at least 50% more on motor fuel than in London.
East Midlands householders pay 4.4% of their petrol bill.
People living in the West Midlands and Northeast spend 4.3% of their money on fuel.
FairFuelUK founder Howard Cox also branded the tax increase as “regressive”, claiming that the poorest 10% of the population spend more than twice as much on fuel as the rich.
Data show that the richest one-tenth drivers spend 3.3% on fuel, while the poorest one-tenth drivers spend 7.2% on fuel.
“The Prime Minister’s quiet twelve-pence planned fuel tax hike, touted by OBR, would not only be devastating to the nation’s economic recovery, but would be devastating to drivers living outside of planet London,” Cox said. It will hit,” he said.
“Financial decision-makers in the capital don’t understand that per capita fuel use is much higher in other parts of the country.”
Hunt plans to make a final decision on raising the fuel tax in the March 15 budget.
Households in the East Midlands, West Midlands and Northeast are expected to be most affected by the hike
Households across the UK are also being punished “Stealth Tax” On energy bills amounting to billions of pounds to pay to bail out dozens of power and gas companies.
If more companies go bankrupt, taxes could go up even more.
Campaigners are blaming an increase in surcharges, which has skyrocketed over the past 12 months.
This fee traditionally covers the day-to-day costs of connecting customers to gas and electricity supplies, as well as the cost of maintaining the network.
Over the past year, however, the total amount has increased on average by almost 50%, from an average of £186 to £273.
The increase in all bill payers is believed to exceed £2 billion.
This fee was a separate levy and should not have been affected by the significant increase in wholesale energy prices around the world. Russian invasion of Ukraine.
However, permanent fee increases have been approved by industry regulators off gem This is to cover the costs of market regulation failures that have led to the bankruptcy of about 30 companies over the past few years.
Most perniciously, campaigners claim the fee is regressive. Cash-strapped pensioners are living alone, and thrifty people are forced to pay the same amount as millionaires in large, well-heated homes.
https://www.dailymail.co.uk/money/cars/article-11598543/UK-map-12p-litre-fuel-duty-rise.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 UK map on fuel tax hike of 12 pence per liter