subject: Energy Tax for Drivers [print this page] The energy secretary has announced this week that he plans to increase environmental levies to help free billions of people from income tax.
The way this would be implemented would be that petrol prices would rise to another thirty pence a litre on top of what we already pay, and flight costs could increase sharply too, making motorists and holidaymakers alike think twice about their travelling habits.
The coalition government have already reviewed our current taxes and are planning to make changes to both aviation taxes and carbon taxes in the next few months. This large percent of tax on our fuel would increase the prices by fifty percent, something that in our current economy, and with the VAT increasing to twenty percent in January, most people cannot afford to pay.
The energy secretary is proposing that the general public won't have a problem with assigning these costs to their daily life, as long as they see the cuts in other areas, namely in the national insurance that we pay from our wage every month.
If these new percentages on tax are implemented, then it will see the amount we pay for energy taxes rise from 35 billion annually to around fifty billon.
This will of course create more pain for both Car Insurance and travel customers, adding money to costs that we already find over expensive.
If you are planning on going on holiday this year, then make sure you buy Travel Insurance online so you can compare prices and find the cheapest policy for you.
