Comments on: The BBC and the great petrol rip off http://www.johnredwoodsdiary.com/2007/11/09/the-bbc-and-the-great-petrol-rip-off/ Conservative Party Member of Parliament for Wokingham Fri, 21 Nov 2008 05:59:56 +0000 http://wordpress.org/?v=2.6.2 By: Bazman http://www.johnredwoodsdiary.com/2007/11/09/the-bbc-and-the-great-petrol-rip-off/#comment-11519 Bazman Sat, 10 Nov 2007 22:03:11 +0000 http://www.johnredwoodsdiary.com/2007/11/09/the-bbc-and-the-great-petrol-rip-off/#comment-11519 John! Why not show the oil companies take per bill as well? In some form or another? Corperation tax in this country is low. Reply: If the bill showed the government's huge tax take, then the remainder would be the money taken by the oil company, so you would see both. You can see the oil companies profits each quarter when they publish their results.They are large sums becuase they are large companies deploying huge sums of capital, but they are small compared to the government's tax take. John! Why not show the oil companies take per bill as well? In some form or another? Corperation tax in this country is low.

Reply: If the bill showed the government’s huge tax take, then the remainder would be the money taken by the oil company, so you would see both. You can see the oil companies profits each quarter when they publish their results.They are large sums becuase they are large companies deploying huge sums of capital, but they are small compared to the government’s tax take.

]]> By: Bazman http://www.johnredwoodsdiary.com/2007/11/09/the-bbc-and-the-great-petrol-rip-off/#comment-11395 Bazman Fri, 09 Nov 2007 21:49:22 +0000 http://www.johnredwoodsdiary.com/2007/11/09/the-bbc-and-the-great-petrol-rip-off/#comment-11395 Am I supposed to be sympathetic to oil company profits and their tax treatment. BBC? Red herfing John! Reply: No I do not expect you to be "sympathetic" to oil company profits. I merely wish to get across how much bigger the government's tax take is than the shareholders' profits take. It is also important when reporting the high petrol price story for journalists to remind people that two thirds of the price is UK tax, and that tax was increased in October by the Chancellor at a time when oil prices - therefore the tax take from petrol - was rising anyway. Am I supposed to be sympathetic to oil company profits and their tax treatment. BBC? Red herfing John!

Reply: No I do not expect you to be “sympathetic” to oil company profits. I merely wish to get across how much bigger the government’s tax take is than the shareholders’ profits take. It is also important when reporting the high petrol price story for journalists to remind people that two thirds of the price is UK tax, and that tax was increased in October by the Chancellor at a time when oil prices - therefore the tax take from petrol - was rising anyway.

]]> By: Mike H http://www.johnredwoodsdiary.com/2007/11/09/the-bbc-and-the-great-petrol-rip-off/#comment-11371 Mike H Fri, 09 Nov 2007 16:55:15 +0000 http://www.johnredwoodsdiary.com/2007/11/09/the-bbc-and-the-great-petrol-rip-off/#comment-11371 Much as I agree with an earlier poster's opinions about Auntie Pravda, isn't it pretty much understood by everyone that most of the cost of petrol and diesel is tax - especially since the issue received so much publicity during the fuel blockade of a few years ago. Fuel tax is a significant expenditure for the average motorist doing twelve or fifteen thousand miles a year. Let's face it, 15k miles at 35mpg would require about 430 gallons costing today around Much as I agree with an earlier poster’s opinions about Auntie Pravda, isn’t it pretty much understood by everyone that most of the cost of petrol and diesel is tax - especially since the issue received so much publicity during the fuel blockade of a few years ago.

Fuel tax is a significant expenditure for the average motorist doing twelve or fifteen thousand miles a year. Let’s face it, 15k miles at 35mpg would require about 430 gallons costing today around

]]> By: John http://www.johnredwoodsdiary.com/2007/11/09/the-bbc-and-the-great-petrol-rip-off/#comment-11370 John Fri, 09 Nov 2007 16:51:27 +0000 http://www.johnredwoodsdiary.com/2007/11/09/the-bbc-and-the-great-petrol-rip-off/#comment-11370 The BBC work for the Labour governemnt - a given . Why doesn't the Conservative party suggest that it be manadatory that all petrol/fuel bills show the tax element of the price - clearly. The BBC work for the Labour governemnt - a given .

Why doesn’t the Conservative party suggest that it be manadatory that all petrol/fuel bills show the tax element of the price - clearly.

]]> By: richard molyneux http://www.johnredwoodsdiary.com/2007/11/09/the-bbc-and-the-great-petrol-rip-off/#comment-11367 richard molyneux Fri, 09 Nov 2007 15:44:39 +0000 http://www.johnredwoodsdiary.com/2007/11/09/the-bbc-and-the-great-petrol-rip-off/#comment-11367 Oil at 100$ per barrel is just 31 pence per litre. Given all the refining and distributions costs say retail at 37 pence per litre, G.Bown takes the rest. I.e. makes 65pence per litre just on petrol and diesel) For the oil producers they make only 25p/litre Who is taking the ***** Oil at 100$ per barrel is just 31 pence per litre.

Given all the refining and distributions costs say retail at 37 pence per litre,

G.Bown takes the rest. I.e. makes 65pence per litre just on petrol and diesel) For the oil producers they make only 25p/litre

Who is taking the *****

]]> By: Moo http://www.johnredwoodsdiary.com/2007/11/09/the-bbc-and-the-great-petrol-rip-off/#comment-11362 Moo Fri, 09 Nov 2007 14:27:58 +0000 http://www.johnredwoodsdiary.com/2007/11/09/the-bbc-and-the-great-petrol-rip-off/#comment-11362 Exactly..., about 75% tax compared to the US who only pay 15% on their petrol. What will they tax if we start using electric cars? The bbc should tell us the truth about matters such as oil prices but then they risk annoying the government who might mysteriously abolish the tv licensing raquet. Bottem line, The BBC are political puppets mitigating the full extent of rip off taxes. Exactly…, about 75% tax compared to the US who only pay 15% on their petrol. What will they tax if we start using electric cars?
The bbc should tell us the truth about matters such as oil prices but then they risk annoying the government who might mysteriously abolish the tv licensing raquet. Bottem line, The BBC are political puppets mitigating the full extent of rip off taxes.

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