Cameron takes on Treasury over petrol prices

Cameron takes on Treasury over petrol prices
 

The Prime Minister yesterday again backed reforming the tax system to stabilise pump prices, just a day after the Chancellor's number two, Danny alexander, poured cold water on the idea. Treasury officials are said to harbour doubts about whether his idea of a fair fuel stabiliser - where the rate of duty is cut as oil prices rise, and increase as they fall - can work. At the weekend, Treasury Chief Secretary Mr Alexander said that the proposal would be given 'due consideration' but it was 'difficult to see precisely how we achieve it'. There is concern on Tory backbenches about the... read more

 
18 January 2011 in Business, Views: 2
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