George Osborne unveiled the government's budget today

 
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A political ploy, but not too bad.

- In order to help first-time home buyers, savings set aside for a deposit will be topped up by the government by £50 for every £200, up to a maximum of £3,000.
- 95pc of savers will no longer pay savings tax.
- In order to boost North Sea oil exploration the petroleum revenue tax is now 35pc, down from 50pc.
- The bank levy has been raised to 0.21pc.
- Instead of a £23bn surplus by 2019, austerity is being eased and a £7.1bn forecast is being made.
- Clampdown on tax avoidance.
- Duty on petrol frozen.
- Tax-free personal allowance to raise to £11,000.

 
 
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Mr. Psychologist | Imperial Forum Ninja
 
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<.<
- In order to boost North Sea oil exploration the petroleum revenue tax is now 35pc, down from 50pc.

So in pleb terms, this is going to make petrol even cheaper on top of the OPEC price war? <.<

 
 
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Quote from: Mr Psychologist on March 18, 2015, 01:48:34 PM
- In order to boost North Sea oil exploration the petroleum revenue tax is now 35pc, down from 50pc.

So in pleb terms, this is going to make petrol even cheaper on top of the OPEC price war? <.<
It would depend on the companies producing the oil, they could lower their prices because the tax on their profits has been lowered or they could be greedy jews about it. Chances are the latter.

 
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This is the way the world ends. Not with a bang but a whimper.
Quote from: gats on March 18, 2015, 02:23:37 PM
Quote from: Mr Psychologist on March 18, 2015, 01:48:34 PM
- In order to boost North Sea oil exploration the petroleum revenue tax is now 35pc, down from 50pc.

So in pleb terms, this is going to make petrol even cheaper on top of the OPEC price war? <.<
It would depend on the companies producing the oil, they could lower their prices because the tax on their profits has been lowered or they could be greedy jews about it. Chances are the latter.
Higher profits are a good motivator for increasing investment. Which will increase supply.