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You are here: Home1 / The budget

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SMMT calls for new zero-emission measures

UK News

February’s car registration figures were released as the SMMT calls on the Chancellor to use next week’s Budget to announce bold new measures to make new-tech zero emission-capable cars, including plug-in hybrids, more affordable for mass-market buyers. In 2020, manufacturers will bring more than 23 new battery-electric and ten plug-in hybrid electric cars to the UK to add to the more than 65 already on sale, but take-up of these new models depends on affordability and the provision of adequate charging infrastructure.

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Related news:

  1. SMMT urges government to back new-tech diesel following market decline, uncertainty
  2. August car sales up 23 per cent – electric cars account for one in twelve sales
  3. SMMT: Don’t ban hybrids and low emission vehicles
  4. Electric vehicles, vans dominate April’s vehicle market
6th March 2020/by Stephen

Infrastructure and automotive industry investment central to automotive statement

Company News, UK News

While the consumer pre-coverage of the Autumn Statement focused on government’s decision to ban upfront residential fees letting, in fact Chancellor of the Exchequer Phillip Hammond revealed something of his past as a transport secretary by announcing a series of investments in transport.

At the top of the list, £23 billion to be spent on innovation and infrastructure over five years. The chancellor also announced £2 billion per year by 2020 for research and development funding. And £1.1 billion extra will be spent on English local transport networks. £220 million aims to reduce traffic pinch points. All are likely to support the development both the automotive manufacturing and fleet businesses the tyre industry relies on for growth.

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Related news:

  1. Chancellor delivers pothole budget
  2. Autumn Statement transport investments ‘positive’, but ‘real prize is not addressed’
  3. Small businesses win in 2016 budget
  4. Roads spending, Brexit caution, business rate relief in spring Budget
23rd November 2016/by Tyrepress Editors

Small businesses win in 2016 budget

Legislation, Premium, UK News

British Chancellor of the Exchequer, Rt. Hon George Osborne MP’s 2016 budget lowers tax rates for small businesses, however large businesses face stamp duty and other increases. The surprise announcement of government-backed “Lifetime ISAs” is designed to help everyone save more for the future. But, at the same time as this, larger personal tax allowances were announced – suggesting people will have great levels of disposable income now as well.

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Related news:

  1. Celebrate on a Budget With Uniroyal
  2. DfT completes tyre labelling consultancy, continues with risk-based enforcement plans
  3. Giti: Rim sizes getting larger, and the UK is more ‘high-performance’ than many think
  4. Regulation changes approach as TRA, tyre associations issue rallying cry
16th March 2016/by Tyrepress Editors

KPMG calls for greater investment in roads and transport

UK News

James Stamp, head of transport at KPMG UK comments on the Chancellor’s commitment to invest in UK roads. He said:

“In the last budget, the Government announced a major road investment program worth £15billion. Today, the Chancellor announced that road tax (VED) income will be “ring fenced”. This provides some clarity about where funding for the ambitious road projects will be found.

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Related news:

  1. Driving tests in foreign languages banned
  2. Unipart Automotive enters administration, Andrew Page/Parts Alliance JV saves 33 branches
  3. NFDA comments on National Pothole Day
  4. UK roads the second safest roads in Europe, will road repair investment match increased commuting?
10th July 2015/by Tyrepress Editors

…while BIBA is “disappointed”

UK News

CEO of the Briitish Insurance Brokers’ Association (BIBA), Steve White, has responded to the announcement of a rise in Insurance Premium Tax.

In response to the rise to 9.5 per cent of Insurance Premium Tax (IPT), Steve White, said:

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Related news:

  1. Rise in Insurance Premium Tax is “outrageous” says AA
  2. Healthcare sector worst for insurance claims
  3. Infrastructure and automotive industry investment central to automotive statement
  4. Two-thirds of UK consumers against winter tyres
10th July 2015/by Tyrepress Editors

Rise in Insurance Premium Tax is “outrageous” says AA

UK News

In his Budget, the Chancellor said Insurance Premium Tax will be increased from 6 per cent to 9.5 per cent. The AA, for one, was unimpressed, describing the increase as “an outrageous hike thatcould well backfire by leading to an increase in uninsured drivers.” The IPT increase will mean an extra £17.50 on a £530 average Shoparound premium according to AA benchmark British Insurance Premium Index.

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Related news:

  1. AA to fill void left by tax disc
  2. …while BIBA is “disappointed”
  3. Infrastructure and automotive industry investment central to automotive statement
  4. Cars With Bald Tyres Crushed
10th July 2015/16 Comments/by Tyrepress Editors

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