Diesel just hit Β£2 a litre. First time ever.
2000: 82p. Same tank, Β£45. Today: Β£110.
It isnβt βjust taxβ. Duty is 53p, same as it was 25 years ago. The jump is the oil market.
Of your Β£2:β¨53p dutyβ¨33p VATβ¨86p to the Treasuryβ¨Β£1.14 for the diesel
VAT is charged on the duty. When the crisis lifts the price, the tax take rises with it.
Hauliers, farmers, delivery drivers, trades: same litre, same cut. Duty rises again in January.
86p of every Β£2 is already tax. What are we waiting for?