Coming into 2011 there will be another petrol increase. Apart from the obviouse raise due to the increase in VAT the total increase will add up to 7p extra a litre. Forcasters are expecting diesel to increase to £1.50.
These news raises are due to the chancellor George Osborne, he stated that the raise will ammount to 13 billion over the next 12 months.
This increase will obviously ammount to increased costs for the small business owner and many consumers think that costs will be passed down to them.