udget '79
Page 5
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SICREASE in the rate of ving by two per cent will vely increase the cost of .afts to 17 per cent. This tuation which operators wercome by taking liate measures to reduce milt they take or allow. iods of credit in both ions should be reduced additional duty on fuel he increased VAT will Op a gallon to road fuel ie following figures show this will mean in contion terms for vehicles ing specific miles.
00 miles per week impg will cost £16.66 ex lOmpg will cost £10.00 ampg will cost £5 extra ) miles a week 3mpg will cost £13.32 ex lOmpg will cost £8.00 ex18mpg will cost £4.44 ex 20mpg will cost £4 extra 0 miles a week 6mpg will cost £10 extra lOmpg will cost £6 extra 15mpg will cost £4 extra 20mpg will cost £3 extra 0 miles a week 6mpg will cost £1.66 extra lOmpg will cost £1 extra 15mpg will cost 66p extra 20mpg will cost 50p extra k.T at 15 per cent will mean dm £15 on every £100; on )0 this will mean a VAT nent of £450; on £5000 it mean £750; on £8000 it will 1200, on £10,000 it will be 0 and on £25,000 it will be 50.
ie Chancellor promised there would be a review of cie excise duty and a recturing of hgv duty. The ister of Transport has ady said that he does not ■ ur abolishing excise duty ivour of increased fuel tax. here were, however, sugdons in political circles Minister Norman Fowler made this suggestion hout consulting his rernment colleagues and may have been the reason it being left in abeyance in :sday's Budget.