How the budget will affect drivers in Liverpool

Posted by on Mar 20, 2014 in Uncategorized | 0 comments

How will the budget affect motorists in Liverpool?

 

 
The Chancellor announced in today’s Budget a handful of small measures intended to help motorists.

First was to confirm that fuel duty will be frozen until spring 2015, meaning that the planned rise in September has been abandoned. In his fifth budget, George Osborne described how this would make petrol 20 pence per litre cheaper on average than it would have been under the previous Government.

However, plans to increase vehicle excise duty costs in line with inflation remain, meaning that from April 1 any band from D upwards will rise by £5 or more.

It has also been confirmed that motorists will be able to pay for their vehicle excise duty on a monthly, biannual or annual basis from October 1 2014, and that when selling a car any remaining tax is no longer transferrable.

There was news of a £200 million fund for local authorities to repair potholes, a move that was cautiously welcomed by the Institute of Advanced Motorists: “Every little helps and it will be welcomed in many areas hit by this year’s bad weather,” said Neil Greig , the IAM’s director of policy and research. “With a ten billion pound back log in repairs, however, it is only through consistent long-term funding that the pothole problem can finally be fixed.”

 

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