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That lp more

16th April 1976, Page 50
16th April 1976
Page 50
Page 50, 16th April 1976 — That lp more
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At a lunch-time meeting for the REA the next day at Nottingham University, our new Editor had the chance to sound off about Denis Healers 7ip increase in excise duty on derv. I'm sure I detected some of the members choke on their brandy when he made the following point. It really means an extra lp a mile, and because 'they pay cash to the fuel companies but give their customers credit, and they will be subsidising the nation by 74p for every gallon they buy in a three-month period.