It seems everyone is saving these days. Even those of us with jobs seem to be watching the pennies even more – perhaps because we lack job security, or maybe because, as a country, we’ve developed a thrifty edge to our collective personalities following years of indulgence. From hanging around the reduced section of the supermarket to buying value for money vehicle recovery policies – most of us have got the saving bug. But, for motorists – if not smokers and drinkers – the cost of daily life has seen a glimmer of good news in the recent budget.
Mr Osborne has postponed the proposed 4 pence per litre fuel duty rise that was pencilled in for April. In addition to this, an entire one penny has been shaved off the price of your petrol. These cost reductions come alongside the news that the fuel duty escalator is to be scrapped. And, depending on your view of oil companies, the good news continues since these savings will be funded by a £2 billion tax hike on petrol firms.
It’s hard to see how the Conservatives couldn’t have given the country some good news – and (smokers and drinkers excluded) this will help to slow down the rot that many of our purses and wallets have been experiencing over recent months. True, the significance of the reduction in the price of petrol is lessened somewhat given the knowledge that the January VAT rise cancels it out – but as that well known discount petrol supplier says, every little helps.
We look set to be a nation of bargain hunters for some considerable time to come, and there are plenty to be had – starting with renewing your vehicle recovery policy with startrescue.co.uk.
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