Originally Posted by qcamel
well what did the old iron man say about red diesel duty in the pre budget report today?
"The government appears to have given a stay of execution to the issue of Red Diesel for private boat owners. Tucked away in the detail of today’s pre-budget report Gordon Brown states that the Government is “minded to apply for an extension of the derogation for fuel used in private aircraft and pleasure craft navigation.”
The actual decision to apply for it won’t be taken until early next year but this is the clearest indication yet that it intends to support the continued use of rebated “red” diesel for all boat owners. Even if the government does apply to have the derogation renewed, it still has to convince the European Commission to approve it. If the EU refuses or the Government decides not to apply, the price of marine diesel will rocket from around 50p per litre to more than £1 per litre on 1 January 2007.
In the meantime, Gordon Brown has taken the opportunity to add another 1.22p to the base cost of all rebated fuels."