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Industry responds to Spring Budget
- 16 March 2023
- Posted by: Alan Feldberg
- Category: News
The Spring Budget delivered by Chancellor Jeremy Hunt has drawn a mixed response from industry, with a 12-month freeze to Fuel Duty announced and a three-month extension to the Energy Price Guarantee, but little support shown for electric vehicle manufacture and uptake Mike Hawes, chief executive of the SMMT, said: [...] -
Fuel prices need ‘urgent review’
- 13 June 2022
- Posted by: Alan Feldberg
- Category: News
The RAC and the AA have backed calls from government ministers for an urgent review of rising fuel prices They want to establish if the cut in fuel duty is being passed on by retailers to drivers This comes after petrol prices reached a record high on Sunday of 185p a litre, despite wholesale petrol prices [...] -
Industry verdict on Spring Statement
- 24 March 2022
- Posted by: Alan Feldberg
- Category: News
The industry has responded to yesterday’s Spring Statement, with both the Institute of the Motor Industry and the Society of Motor Manufacturers welcoming government support for smaller businesses but expressing concerns around training plans Steve Nash, IMI CEO, said: “Clearly the Chancellor was trying to [...] -
Fuel duty cut in Spring Statement
- 23 March 2022
- Posted by: Alan Feldberg
- Category: News
The government has announced a 5p per litre cut in fuel duty Speaking in his Spring Statement, Chancellor Rishi Sunak said the cut was being introduced to mitigate the rising cost of living Describing it as, “the biggest cut to all fuel duty rates ever,” he said the cut would imposed from 6pm this evening [...] -
Government should avoid motor tax hikes
- 6 July 2015
- Posted by: Simon Wait
- Category: News
Government should avoid motor tax hikes Government should avoid tax hikes on motorists in the Budget, warns the AA A week ago, 73 per cent of a Populus poll of 25,810 AA members said they fear a post-election rise in motoring taxes Among blue collar workers, that worry rises to 83 per cent More than 10 per [...]