The economy

Fact checks about the economy, covering levels of inequality, prices, taxation, employment, unemployment and housing across the UK nations and regions

16 June 2022

Are petrol and diesel taxed in Gibraltar?

There is no VAT in Gibraltar, but there is fuel duty.

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Are petrol and diesel taxed in Gibraltar?
16 June 2022

Living expense calculations ignore that not all income is taxed

A Facebook post showing the average take home pay of someone earning minimum wage does not account for the fact that people do not pay tax on all of their …

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Living expense calculations ignore that not all income is taxed
16 June 2022

Crude oil is not cheaper in pounds now than in 2008

A Facebook post inaccurately claims that oil was more expensive in pounds in 2008 while fuel was cheaper. In fact, both crude oil and fuel were cheaper in pounds in …

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Crude oil is not cheaper in pounds now than in 2008
15 June 2022

June’s pay figures: explained

Figures published by the ONS showing a 2.2% fall in earnings do not account for bonuses, although there are a number of different figures available.

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June’s pay figures: explained
15 June 2022

Labour makes misleading claim about fall in affordable housing under Conservative government

Labour’s claim that affordable housing supply has fallen by 95% misinterprets the statistics.

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Labour makes misleading claim about fall in affordable housing under Conservative government
14 June 2022

Figures on benefit and tax fraud investigators misrepresented

Data uncovered by an MP about the number of fraud investigators employed by HMRC and the DWP has been reshared on social media. But the figures are out of date …

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Figures on benefit and tax fraud investigators misrepresented
10 June 2022

The Coalition did not build more affordable homes in a year than Labour did in 13 years of government

Boris Johnson was wrong to make this claim, according to the government’s own definition of affordable housing.

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The Coalition did not build more affordable homes in a year than Labour did in 13 years of government
10 June 2022

Ofgem said that 12 million households—not people—might end up in fuel poverty

These estimates are uncertain for several reasons, but 12 million households would amount to many more than 12 million people.

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Ofgem said that 12 million households—not people—might end up in fuel poverty
9 June 2022

Claims of ‘40 million in fuel and food poverty’ are too high

Both food insecurity and fuel poverty are serious problems that affect many people in the UK, but almost certainly not 40 million.

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Claims of ‘40 million in fuel and food poverty’ are too high
7 June 2022

War in Ukraine has contributed to global shortages of certain products

A post suggesting that war in Ukraine is not the cause of shortages of a number of products is missing context.

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War in Ukraine has contributed to global shortages of certain products

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