Thursday, July 07, 2005

Govt gets your tax cut back before you do!

There goes your tax cut! Unless your're rich of course. You'll still come out ahead then. The peasants can pay. Go feudal system!

Westpac says a spike in oil prices to $US65 a barrel would lead to a bowser petrol price of $1.30 a litre PETROL prices could reach $1.30 a litre by the end of the year with Australian households set to feel the squeeze regardless of oil prices, a leading bank has forecast.

Westpac economist Jonathan Cavenagh said rising oil prices "Would be equivalent to an extra $14 per week in household spending."

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