The FCA has set out its expectations for firms making full and final settlement offers during the partial suspension of its motor finance redress scheme. But there could still be disputes over settlements. Commenting, Hyder Jumabhoy, Partner at global law firm White & Case LLP and Global Co-head of its Financial Institutions Industry Group and EMEA … [Read more...]
Welsh Labour “gaslighted” public over M4 plan – claim
Conservative Senedd member for the Vale of Glamorgan and Bridgend Andrew RT Davies has said Labour’s attempts to blame Brexit for its decision to cancel the M4 Relief Road are “gaslighting the public”. Mark Drakeford’s administration scrapped the project in 2019, despite the then Conservative Government pledging to fund it in full. Labour Senedd leader Ken … [Read more...]
Budget doesn’t go far enough down the road for drivers
The Budget announced today will continue freezing some costs for drivers, increase allowances but also delay implementing new charges as the Government struggles to work out how its going to calculate duties for electric vehicles to make up for lossses on petrol and diesel sales. Chancellor John Healey said he was concerned about rising fuel prices and the … [Read more...]
Allstar identify wasted hours of fleet managers
New independent research commissioned by Allstar, a Corpay company, has found that mid-market fleet decision-makers across the UK are spending an average of 4.27 hours per week personally downloading, checking, reconciling, analysing and reformatting fleet data, equivalent to almost six working weeks every year. The study, conducted by independent research … [Read more...]
Pump prices & potholes head drivers’ Budget watchlist
As the Chancellor prepares to deliver the Autumn Budget tomorrow research from Close Brothers Motor Finance reveals which concerns are front of mind for motorists. It finds that more than half (52%) of drivers want the Chancellor to freeze or reduce fuel duty on petrol and diesel. The ongoing deterioration of the nation's road infrastructure is also a top … [Read more...]
Rising diesel price speeding up electric lorries, says Welch Group
Soaring diesel prices are strengthening the business case for electric heavy goods vehicles, with UK haulier Welch Group forecasting substantial long-term savings from electrifying its fleet and opening its charging infrastructure to other operators. New analysis from New AutoMotive estimates that the surge in diesel prices since July is adding … [Read more...]
Newslines 16 October
Transport for Wales in partnership with Rhondda Cynon Taf County Borough Council, has launched public engagement on proposals to extend passenger rail services from Aberdare to Hirwaun. The consultation will run until 22 November. InstaVolt, the UK's most trusted, and largest, Ultra Rapid charging network, has confirmed that CHAdeMO charging will remain a … [Read more...]
Motor Fuel Group slash recharging costs nationwide
Motor Fuel Group, the UK’s largest independent forecourt operator, is pleased to announce that drivers who charge using the MFG Connect app will continue to pay just 59p per kWh at every MFG EV Power site in the UK, building on the success of its summer price drop. The app price is 25% below MFG EV Power’s standard rate of 79p per kWh. That is a saving of … [Read more...]
Car market accelerates but also divides
The UK new car market accelerated in September, with registrations up 12.1% to 350,518 units, according to the Society of Motor Manufacturers and Traders. The result marks a 10th consecutive month of growth and the strongest September since 2017 according to figures from the industry at the end of last week. In Wales, new car registrations rose 12.8% last … [Read more...]
Bio-fuel being dumped in Europe
The European Commission has extended trade surveillance measures on imports of fuel ethanol into the EU from several countries, acknowledging the potential for a surge that could threaten the European renewable ethanol industry. The Commission’s decision, published on 14 September, acknowledged the threat of a surge of fuel ethanol imports into the EU, … [Read more...]
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