Fuel Prices  

17 March 2011 Alan Johnson voted in favour of the below Opposition Motion tabled by the Shadow Chief Secretary to the Treasury last night  to reverse the Government's VAT rise on petrol and diesel. The motion was defeated. “That this House recognises that rising world oil, food and commodity prices are increasing the cost of living and adding to the squeeze on families on low and middle incomes across Britain; believes this has been compounded by the Government's decision to increase Value Added Tax (VAT) to 20 per cent, which will cost a family with children an annual average of £450, has helped to push up Consumer Price Index annual inflation to four per cent. and, according to the House of Commons Library, is adding £1.35 to the cost of filling up a vehicle with a 50 litre tank; notes that the AA announced last week that the cost of unleaded petrol has now reached...