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Who is counting the cost to us... and how, exactly?
Page 26
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LRUC: MY guess is that the arguments and discussions will go on to the last minute. as usual with New Labour. This will all culminate in a system that will have only one winner, Mr Gordon Brown—unless we all come to our senses and put a cross in the correct box next time.
The current 23p/lit-8.5p/km figures being batted about the crease, while intended for demonstration,do bring into play other problems.
No matter what level is finally given to us, what happens at the first level of fluctuation with a barrel of oil?
As we all know, one second after it goes up, so does our cost of fuel.When it goes down, weeks later, so does ours — but never quite to the same level or at the same speed.
What will happen to our rebate recovery sum? The rebate may well come from the Treasury "tax lump", but disproportionate increases in crude prices makes our costs higher than those abroad.As we are now informed, fuel costs will rise in line with inflation each year. Have you studied the increases on the examples currently given on the LRUC charges? Has any one been able to work out which inflation table the government uses when it comes to increasing their charges? Answers on a post card to No 10...
Douglas Piper Piper Transport Services Essex