To: Don Lloyd who wrote (4127 ) 9/18/2000 3:07:55 AM From: Don Lloyd Respond to of 13062 vny.com "Analysis: Fuel tax protests: Beginning of the end for green taxes ? Sunday, 17 September 2000 9:58 (ET) Analysis: Fuel tax protests: Beginning of the end for green taxes? By COLIN ROBINSON LONDON, Sept. 17 (UPI) -- The protests about road fuel taxes in Britain last week caught the government by surprise and caused remarkable disruption within a few days, shaking the government's reputation for competent economic management. Mr. Blair's headaches are not over: the protesters have promised to be back if the government does not reduce taxes on gasoline and diesel. But the underlying causes and the longer term consequences of the protests are even more significant than these short-term difficulties. Recent increases, which have raised the retail price of gasoline in Britain to the equivalent of well over $4 a U.S. gallon, have stemmed primarily from rising world crude oil prices, up from $10 per barrel to $35 in the last two years. But the protesters did not blame the Organization of Petroleum Exporting Countries or the oil companies, as they did during the `oil shocks' of the 1970s. Quite rightly, they pointed the finger at the British government. The level of road fuel prices in Britain - the highest of any major European country - is a result of very high taxes. The tax on gasoline, combined with VAT, constitutes almost three quarters of the retail price. Taxes have risen sharply because of the `escalator,' introduced by John Major's Conservative government and continued up to March 2000 by Tony Blair's New Labor. This increased the tax each year by 5 per cent, and then 6 per cent, in addition to the rate of general inflation...." Regards, Don