The Telegraph a running a campaign with a petition to get the 2p price rise scheduled for October on fuels stopped, and to take actions to slow the rate that fuel prices are increasing. As you’ll have seen by my previous posts fuel costs are increasing at whole percentage points per month (rather than per year) at the moment. PetrolPrices.com have a range of figures reporting fuel prices as high as £1.37 per litre in parts of the country. Although the principal to slowly increase taxation on fuel to help fund public transport and encourage green activity maybe fun, the current rate of change is starting to make a notable impact on inflation, sufficiently so that it has the Mervyn King the head of the Bank of England has identified it as a factor on any number of occasions now.
The campaign includes a petition here which you may wish to sign.
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