The news that Chancellor George Osborne plans to scrap the 3p per litre fuel increase will be welcomed by motorists
The news that Chancellor George Osborne plans to scrap the 3p per litre fuel increase will be welcomed by motorists
A couple of weeks ago, the coalition announced their proposals for the 2013 budget, which included a few interesting points for car owners. To show how these changes could affect you, here is a run down of the main motoring points.
One aspect that is set to effect all motorists on a daily basis is the price of fuel. There was a glimmer of good news on this front as Chancellor George Osborne announced that plans to increase fuel at 3p per litre were to be scrapped, and the freeze on fuel duty continues at a 1.89p rise for the next two years. Without the freeze on fuel, it is supposed that we would be paying 13p more than we currently are.
What’s 13p! – Well, George O tells us that the freeze on fuel equates to, “£7 less every time you fill up,” for a Vauxhall Astra or Ford Focus. Not too shabby, then.
Classic car owners rejoice as an extra year was added onto cars exempt from road tax, now standing at cars made prior to 1974.
The decision was made to keep Vehicle Excise Duty (VED) at current rates, the only rises being in line with inflation. (Apart from VED on Heavy Duty Vehicles, which will be frozen 2013-2013).
Cars in VED bands A, B or C will pay no more than before, however the next few bands have risen by £5, with further increases at higher rates.
There was a definite move towards increasing incentives to purchase cars with low-carbon emissions in this year’s budget.
No doubt we’re all happy about the freeze on fuel increases, and the benefits to classic and green car owners are a welcome change for some.
