Dated: 22 September 2010

Green Taxes and Petrol Prices Set To Rise

 

There are a number of news stories at the moment stating that the current Energy Secretary Chris Huhne (of the Liberal Democrat Party) is looking into a number of different ways that the coalition government can generate more money through a rise in green taxes.

On the UK branch of the Autoblog.com website, it has been stated that this rise is estimated to be in the region of 2.6% over the next five years. This would see an increase of £15billion. The worry for many motorists is that to reach this goal, the price of fuel could increase by 30p a litre.

When speaking at the recent Liberal Democrat Party conference, Chris Huhne said, "Green taxes make so much sense in the current financial climate. Furthermore, all the evidence is that the green tax switch is popular as long as people can see the extra revenue being used to cut other taxes."

Martin Horwood, a Liberal Democrat MP, who is also responsible for co-chairing the Parliamentary Committee on Transport, has put his support behind the increase in green taxes. When commenting on the subject, he made his thoughts on those who own vehicles who own vehicles which use a lot of fuel very clear, "if you're rich enough to drive one of those ludicrous vehicles you can afford to pay more."

As you might expect, there is a feeling amongst many that these green tax increases are set to come under scrutiny from a number of the senior Conservative Party members, must notably the Chancellor of the Exchequer, George Osborne.

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