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Making road pricing work requires the Treasury not to be too greedy

November 23, 2020

The government’s green agenda has started to emerge in a series of announcements, mainly affecting motoring. Road pricing is again under active consideration, there is a threat of higher fuel taxes and the ban on sales of petrol and diesel vehicles, originally scheduled to commence in 2040, has been brought forward to 2030. Meanwhile, FairFuel UK has released the study by Cebr showing that raising fuel duty would hit the…

The Impact of Imposing an additional 2p on Fuel Duty

November 18, 2020

Cebr founder Douglas McWilliams presented the findings of our report for Fair Fuel UK and RHA to the All-Party Parliamentary Group on Motoring. The full report is available here and a summary can be found below.   Rumours in Whitehall have been rife as to how Rishi Sunak will pay off the huge Covid deficit. No surprises that UK’s 37m drivers have been at the top of possible tax income…

The Sun – Raising fuel duty will crash the economy by £600m and cost Britain 8,000 jobs, report warns

November 18, 2020

RAISING fuel duty will crash the economy by over £600 million, cost the nation around 8,000 jobs and hit the White Van Man hardest according to a new report.   Chancellor Rishi Sunak is thought to be mulling over increasing the tax by two to three pence, but the Centre for Economics and Business Research say that would only bring in £470m initially.   It will drop to £90m in 20…

Daily Mail – ‘Minuscule’ benefit from fuel duty rise: Rishi Sunak’s planned tax hike will have ‘tiny’ effect on nation’s finances… but it could lead to thousands of job losses, experts warn

November 18, 2020

Chancellor Rishi Sunak is considering ending a ten-year freeze on the levy It claimed 2p could be added to a duty that has stood at 57.95p since 2011 Change believed necessary to pay for Covid black hole in nation's finances   A rise in fuel duty will only be of 'miniscule' benefit to the nation's finances and could lead to thousands of job losses, experts warn.   Chancellor Rishi Sunak is considering…

The vaccine is a game changer. And the economy could revive fast. But will this lead to inflation

November 16, 2020

I opened a bottle of champagne to celebrate the news that Pfizer had discovered a vaccine. The past year has been a nightmare. On a personal level, far too many friends have died. In economic terms, we at Cebr have kept our heads above water, thanks to the commitment of our staff. But many acquaintances in the hospitality industry have been forced to shut down. Others, who invested heavily in…

The Spectator – The ludicrousness of stemmed wine glasses

November 13, 2020

In 1989 I answered my first mobile phone call on Oxford Street using a brick-sized Motorola borrowed from work. Several people shouted abuse at me from passing cars.   Back then, it was also rare to make a mobile-to-mobile call. If you did, it was the main topic of conversation for the first few minutes: ‘Where are you?’ ‘On a boat.’ ‘Wow, I’m on a train going through Leighton Buzzard.’…

Despite appearances, the UK is unlikely to be in the deep freeze under Biden

November 9, 2020

Despite appearances, the UK is unlikely to be in the deep freeze under Biden​   At the time of writing, we don’t know who will be declared winner in the US Presidential election. But on past form, the Democrats normally pull ahead when the postal votes get counted and the judicial system tends to rule that the states have the right to determine how their votes are counted. Unless fraud…

The second wave could reduce monthly GDP by about 5-10% in the Western world

November 2, 2020

France went into full lockdown on Friday. It is illegal to leave your home except for essential shopping, to work in essential businesses, for medical reasons or to take the one hour of exercise allowed. Non essential businesses will be shut down. Germany has announced also announced a national lockdown, though less severe than in France. Italy has announced a partial lockdown including shutting bars and restaurants at 6pm. It…

Le Monde – Comment Boris Johnson enterre le thatchérisme

October 28, 2020

Le Monde - Boris Johnson et thatchérisme - oct 2020  

Daily Mail – Middle-class jobs bloodbath

October 26, 2020

Commuter towns and seaside resorts are bearing the brunt with a MILLION more people facing the dole before Christmas after furlough scheme ends this weekend, economic experts warn   The pandemic has created a middle-class unemployment crisis that will get 'much worse' as Christmas approaches, experts warn.   Analysis reveals the extent of the jobs bloodbath in commuter towns, resorts and manufacturing hubs.   The number on the dole has already…