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Council Member
Petrol prices & the UK economy
Rick,
I'd not read the B'ham Post (which is not a regular read), but conversation often turns to the cost of petrol. Individuals and families are clearly having to think harder about driving, commuting and long-distances. Motor insurance premiums have shot up, so the pressure is building up. Buying cars is a key economic indicator; reflected in almost nil cost of car loans.
Peering into the distance regarding fuel security is a rare public topic. Just look at the silence over the falling North Sea oil & gas production.
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