The Financial Conduct Authority has said that it will continue investigations into the “risk of harm” posed by motor finance, with its final findings expected to be delivered in September.
The Chancellor of the Exchequer vowed to champion “the great British white van driver” with a review of VED rates and brought forward the business rates review in his Spring Statement 2018. In a speech in the Commons which laid out GDP growth and reducing debt levels predicted by the latest OBR reports, the Philip Hammond said that he aimed to “champion business” with the measures. Addressing the house, he said that a review of business rates would now take place in 2021 in a move that would also usher-in “triennial reviews from then on”. He said this came on top of a review of business rates, which resulted from the Autumn Budget, which he claimed would reduce rates for small business by over £10 billion. An £80 million fund was also announced to help small businesses in their recruitment of apprentices in light of the introduction of the Apprenticeship Levy last year. Mr Hammond said that the move had come in recognition of the “changes the system represents”. In a move that the chancellor would “help the great British white van driver”, the Chancellor said that a review of VED road tax would look to bring in a reduction in expense for the greenest commercial vehicles. The OBR’s latest predictions for economic growth in the UK were revised up from 1.4% to 1.5% for 2018, with 1.3% growth in 2019 and 2020 before a rise to 1.4% in 2021 and 1.5% in 2022. Paul Johnson, at the Institute for Fiscal Studies, moved quickly to dispel any suggestion that the revised forecast was worthy of celebration, however. In a Tweet posted during the Chancellor’s speech, he said: “Against a long term trend of at least 2% a year growth, after poor growth since 2008, and compared with growth across rest of OECD, these are not encouraging forecasts.”
Two automotive retailers were named in the Government’s latest list to name and shame employers that failed to pay the legal minimum wage.
Cox Automotive is set to host a series of webinars and Santander Consumer Finance will take to the road with its GDPR Inform & Explain Roadshows as car dealers are offered more ways to get up-to-speed with the new data regulations.
The Financial Conduct Authority expects to publish an update on its examination of motor finance next month.
The fees for businesses wanting to process customer data under the forthcoming General Data Protection Regulation (GDPR) have been published.
The Society of Motor Manufacturers and Traders have led calls for a change in government policy to help lower CO2 emissions after the total UK fleet recorded an increase of 0.8% during 2017.
The National Franchised Dealers Association is among automotive sector representatives who have given evidence to the Business, Energy and Industrial Strategy Committee ahead of a publication of a report into EV adoption.
GDPR is less than three months away - AM wants to know if you and your dealers are prepared.
The Scottish Motor Trade Association has teamed up with Trading Standards to deliver a new set of guidelines to used car dealers operating in Scotland.
Motor retailers need to be more conscientious than ever to avoid the consequences of mis-selling, delegates at Automotive Management Live were told.
GDPR was the stand-out topic at this year's Automotive Management Live
An industry panel will discuss the implications of the new General Data Protection Regulations (GDPR) at AM’s forthcoming conference.
Marketing Delivery MD Jeremy Evans explains what dealers can do about their data protection concerns
MPs have called for the return Motability scheme funds to the treasury after it emerged that the charity was holding on to £2.4 billion after “decades” of underspending to the tune of more than £200 million-per-year.
Car retailers face a £158.5 million tax rise over the next five years as “further increased liabilities if investing” place further pressure on an industry which has lost one-in-ten locations since 2009.
One of the “leading data protection practitioners in Europe” Ardi Kolah will take to the stage as a keynote speaker at AM’s GDPR conference.
The UK government plans a law change which will hold vehicle importers and dealer-distributors to account if vehicles are sold with emissions defeat devices.
Geldards solicitors will explain if a company needs to hire a data protection officer at AM’s forthcoming GDPR conference.
Talks from Geldards solicitors' Sophie Thring and Rachel Mills at the AM GDPR Conference will reveal that "GDPR is not all about marketing".
The Government has announced a £9.8 million investment in a Vehicle-to-Grid (V2G) charging trial, led by Nissan.
The IMI has claimed that a combination of confusion surrounding the Apprenticeship Levy and the “increased administrative burden” it placed on employers could be to blame for a 26.5% decline in new apprentices.
A delay in insurance legislation implementation does not mean that dealers should relax their steps to comply, says The Warranty Group.
The Government’s Open Banking initiative could see the banking industry as we know it turned on its head.
Boards believe their IT departments have cyber security covered but often glaring gaps are revealed, according to Optimising IT’s head of cyber Todd Gifford.
