nickjb - Member
Good public transport...will give access to most places.
You must have a much better train/bus service that we do here, Nick! I wish that was true.
Peyote - ok, so once we have penalised people through higher petrol prices what happens next? Petrol is a classic example of a good that tends to have inelastic price elasticity of demand which is econ-speak for the fact that demand is relatively unresponsive to changes in price - especially in the US but still also true in Europe. So raising prices may not have the impact that you desire.
Leaving that aside, lets look at the unintended consequences. First raising petrol prices is a regressive measure ie it hurts the less-well off more which goes against the point that zokes made (indirectly above).
Second, raising petrol prices will have a knock-on effect on inflation, prices of other goods, UK competitiveness, interest rates, the exchange rate etc. None of which are likely to help anyone (outside the industry and the exchequer) especially low-income households.
So penalising people may well end up being a lot more penal than expected and a lot less desirable!!