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Opel Ampera priced from 42,900 euros ($58,718 USD!)

2011 Opel Ampera – Click above for high-res image gallery

Opel Ampera priced from 42,900 euros ($58,718 USD!)

2011 Opel Ampera – Click above for high-res image gallery

Cost of driving goes up in UK as Value Added Tax rises to 20%

On January 4, 2011, driving is going to get significantly more expensive in the United Kingdom. In a special budget speech in the British House of Commons this week, Chancellor (equivalent of finance minister or treasury secretary) George Osborne announced that the Value Added Tax (VAT) would increase from the current 17.5 percent to 20 percent in an effort to eliminate the budget deficit within five years. The increased tax is expected raise £13 billion per year, but that will only accoun