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?

E-mail-sign-up Donate

 

.
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?

 


Sign-up to our weekly email • Donate to Left Foot Forward

As you’re here, we have something to ask you. What we do here to deliver real news is more important than ever. But there’s a problem: we need readers like you to chip in to help us survive. We deliver progressive, independent media, that challenges the right’s hateful rhetoric. Together we can find the stories that get lost.

We’re not bankrolled by billionaire donors, but rely on readers chipping in whatever they can afford to protect our independence. What we do isn’t free, and we run on a shoestring. Can you help by chipping in as little as £1 a week to help us survive? Whatever you can donate, we’re so grateful - and we will ensure your money goes as far as possible to deliver hard-hitting news.

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

Comments are closed.