2p to buy off motorists

The Chancellor has announced the planned 2p fuel tax rise has been postponed.  But I’m unclear about the statement:

As a result of the decision, fuel duty will remain at 50.35p per litre from October 2008. The Treasury said this was 17% lower in real terms than in 1999.

I think it means that 50.35p in 1999 was worth 17% more than it is now – which seems a bit of a strange argument to make when you want to persuade people that you’re in control of the economy.  Or have I misunderstood what Darling was saying?

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Heather Yaxley PhD

Dr. Heather Yaxley is passionate about sustainable careers, reflective practice and professional development. I am a rhizomatic educator, practitioner, consultant, academic and scholar. As a qualified academic, I teach the CIPR professional qualifications with PR Academy and have experience teaching at various Universities. I run the Motor Industry Public Affairs Association (MIPAA) and my own strategic consultancy. I was awarded by PhD researching Career Strategies in Public Relations by Bournemouth University in 2017. I'm a published author, with books, chapters and academic papers to my name.

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