Nearly half the UK is worried about fuel prices
Not surprisingly, but perhaps this could be seen as a warning sign for this government; almost half of us, 46 per cent, are worried about rising fuel costs.
This new research from fool.co.uk reveals that people are truely worried about food, fuel and energy prices. According to Fool.co.uk’s inflation index our current rate of inflation is actually 9.3 per cent!
More and more people think they’re personal inflation is soaring and only 4 per cent of people agree with the government’s inflation figure; currently around 3 per cent.
Some alarming figures also reveal that we’re now starting to loose sleep as we worry about prices. 49 per cent of men worry about fuel prices and 24 per cent of men worry about energy prices. While women, 39 per cent, are worried about fuel and 31 per cent worried about food prices.
David Kuo, Head of Personal Finance at Fool.co.uk, says: “The Government can easily put these worries to bed. All it has to do is slash tax on fuel, which is giving half of British consumers’ sleepless nights.”
“But instead Chancellor Darling chooses to fill his coffers at our expense. Currently, 60% of the advertised price for unleaded petrol is taken in taxes3. The Chancellor gobbles up 70p out of 120p every time we fill up our cars. In January, he took 64p per litre in taxes, which was already staggering.”
“Nobody likes to be taken for a ride. But blaming the high price of oil for our travel woes when the Government is the source of three-fifths of the misery is one ride that must stop.”
“The Government loves to make a meal out of windfall profits. That is unless it happens in its own backyard. But this is one meal that consumers find unpalatable, especially when they are feeling the pain and the Government is making all the gain.”
I like Mr Kuo! and totally agree with him.
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