Google+ Pieces o' Eight: fuel prices
Showing posts with label fuel prices. Show all posts
Showing posts with label fuel prices. Show all posts

Sunday, 5 May 2013

Why Britain Sucks: Fuel Taxes

Welcome to the first in a new series of posts, Why Britain Sucks... And What We Can Do To Fix It. In this post I'm going to tackle the question of why fuel in Britain is so expensive. 

Fuel in Britain is expensive. Very expensive. A 2012 article by This is Money placed Britain as the 7th most expensive place in the entire world to buy fuel, calculating that more than 10% of people's income is spent at the pumps.

But why should this be the case? What is it about Britain that makes fuel so expensive? What are the implications for the wider economy? Why does Britain suck? What can we do to fix it?