Tradespeople, house movers and holiday hirers are being urged to use the next eight months to plan, after the Budget confirmed that the 5p fuel duty cut will end on 1 July 2027. It is especially bad news for people living or working in rural Wales. In his Budget on 28 October, Chancellor John Healey extended the temporary 5p per litre cut, and the freeze … [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...]
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...]
Car makers welcome Budget plans in parts
Car makers have broadly welcomed today's Budget announcement but have some criticisms. Mike Hawes, SMMT Chief Executive, said, “Government has recognised the automotive industry as a pillar of national strategic importance, backing it with an industrial strategy and additional £1.5 billion to drive competitiveness and investment. Deferring the end of … [Read more...]
PHEVs’ future now in doubt, says FleetCheck
The Budget is likely to have ended the current revival of fleet interest for plug-in hybrid company cars, FleetCheck is predicting. Peter Golding, managing director at the fleet software specialist, pointed out that anyone now paying a 5% benefit in kind on a new PHEV in the current tax year would see a jump to 18% by year four in 2028/29. He said: “We’ve … [Read more...]
Government sets real challenges for motor businesses, says VRA
The hugely increased burden that the Budget places on remarketing businesses means that Labour’s growth strategy must succeed, says the Vehicle Remarketing Association. Philip Nothard, VRA chair, said that moves such as the increase in Employers' National Insurance and high minimum wage would have an impact on costs for almost every business involved in the … [Read more...]
Remove tax barriers to safety and save lives, says IAM RoadSmart
The UK’s leading road safety charity, IAM RoadSmart, is calling on the Chancellor to take steps to both saves lives and reduce the impact of road traffic collisions in her Autumn Budget. By incentivising the take-up of additional road safety courses through the tax system, it will also help save motorists money as the UK emerges from a cost-of-living … [Read more...]
Budget must deliver for transport, says expert
The Chartered Institution of Highways and Transportation has called for the UK government to provide commitments in the budget on 30 October to ensure we have an effective transport network. Sue Percy CBE, Chief Executive, CIHT said, “Transport is politically challenging, and yet it plays a crucial part in our futures. People need an effective transport … [Read more...]
Diesels surge as private motorists snub EVs
The UK new car market rose 1.0% in the key ‘74’ plate change month of September, to 275,239 units, according to the Society of Motor Manufacturers and Traders with private buyers turning to more diesels than pure electric models.. In what is traditionally a bumper month for new car registrations, second only to March, the performance was the best since … [Read more...]
New car sales slow ahead of new plate change
August signalled the end of two years of growth in the new car market, a disappointing development despite traditionally being a quiet month, according to Sue Robinson, Chief Executive of the National Franchised Dealers Association, commenting on the latest SMMT new car registration figures. In August, a total of 84,575 new cars were registered, a decrease … [Read more...]
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