Osborne’s scrapping of fuel tax is ‘fastest U-turn in history’, but a welcome one

As much as we welcome the tax freeze, why won’t Osborne learn that these U-turns are doing serious damage to his credibility as chancellor?

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Sound the U-turn claxon as chancellor George Osborne has yet again U-turned on a budgetary measure by pledging to freeze the fuel tax for the rest of the year.

george-ed-ballsThe Independent reports:

Petrol prices were due to go up by 3 pence in August and just this weekend the transport secretary Justine Greening insisted that the rise would go ahead.

But in a move underlining just how worried the government is about pressures on the cost of living the Chancellor announced in the Commons that the rise would now be delayed until next year.

Mr Osborne said the £500 cost of the freeze would be paid for by larger than expected savings made by government departments.

Shadow chancellor Ed Balls has responded to the U-turn on fuel duty:

This is the fastest U-turn in history. Labour called for this help for families and businesses this morning and I welcome the fact the chancellor backed down this afternoon.

With U-turns on petrol, pasties, caravans, charities and churches, George Osborne’s Budget is now in tatters – a truly omni-shambles of a Budget from a part-time chancellor whose reputation is now badly damaged.

But we now need to see a U-turn on the tax cut for millionaires and the tax rise on pensioners. And with Britain pushed into a double-dip recession, which means borrowing is now higher than last year, we need a U-turn on this government’s failed economic plan.

 


See also:

First he upset the bakers, now bird watchers are calling Osborne “a bloody idiot” 19 Jun 2012

Osborne tries to bury charity tax U-turn – the fifth flip-flop this week 31 May 2012

Osborne’s inevitable pasty tax U-turn set to cost Treasury £35 million 29 May 2012


 

As much as we welcome the tax freeze, why won’t Osborne learn that these U-turns are doing serious damage to his credibility as chancellor, and he would be better off NOT taxing the less well off in the first place?

 


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17 Responses to “Osborne’s scrapping of fuel tax is ‘fastest U-turn in history’, but a welcome one”

  1. Political Planet

    Osborne’s scrapping of fuel tax is ‘fastest U-turn in history’, but a welcome one: As much as we welcome the tax… http://t.co/rTMGr95Y

  2. Liza Harding

    Osborne’s scrapping of fuel tax is ‘fastest U-turn in history’, but a welcome one, writes @LFFKatie: http://t.co/UqlYAXGO

  3. NewsatLeft

    Osborne’s scrapping of fuel tax is ‘fastest U-turn in… http://t.co/awjDGzL7 #LeftFootForward #EdBalls #FuelDuty #GeorgeOsborne #uturn

  4. NewsatLeft

    Osborne’s scrapping of fuel tax is ‘fastest U-turn in… http://t.co/nS095mqs #LeftFootForward #EdBalls #FuelDuty #GeorgeOsborne #uturn

  5. Magapanthus Smith

    Osborne’s scrapping of fuel tax is ‘fastest U-turn in history’, but a welcome one, writes @LFFKatie: http://t.co/UqlYAXGO

  6. Mr. Sensible

    I think a cut in VAT of 2.5% would be more effective than a headline-grabbing cut in fuel duty.

  7. Sam Malone

    With U-turns on petrol, pasties, caravans, charities and churches, Osborne’s Budget is now in tatters an omni-shambles http://t.co/7D25eSTS

  8. Anonymous

    It’s nowhere near a big of a cut, and of course it does nothing for the urban poor. And, of course, the cash will come from other programs FOR the poor.

  9. BevR

    RT @leftfootfwd: Osborne's scrapping of fuel tax is 'fastest U-turn in history', but a welcome one http://t.co/7l8LaAps

  10. Watch: Osborne's deputy's deputy's deputy's deputy Chloe Smith gets Paxo'd | Left Foot Forward

    […] didn’t know the difference between deficit and debt, was humiliated again last night over the fuel duty u-turn, hung out to dry by George Osborne, Danny Alexander, Mark Hoban and David […]

  11. Changingmorethanlightbulbs

    Rather than freezing fuel tax, wouldn’t it be better to invest in more and better public transport and development/manufacture of low carbon vehicles? That way it’d be more socially equitable (low income people can’t afford cars & use public transport) and would help cut carbon emissions.

  12. JC

    Why only the urban poor? What about the rural poor who need private transport as public transport tends not to go where and when they need it.

  13. Anonymous

    The rural poor are shafted anyway by the bus cuts.

  14. Balls calls for "three more u-turns" – on a bankers' bonus tax, 50p and the 'granny tax' | Left Foot Forward

    […] See also: • Osborne’s scrapping of fuel tax is ‘fastest U-turn in history’, but a welcome one 26 Jun […]

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