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BUDGET: Expert opinion - BVRLA

BVRLA chief executive, John Lewis comments on the Budget statement today.

 

“This was more of a pre-election statement than a Budget and there was precious little for road users to get encouraged about.

“By doing nothing to reduce grey-fleet encouraging AMAPs rates or the 3% diesel surcharge, the government has yet again failed to remedy the inequalities in its emissions-reduction strategy. However, we do applaud the fact that the Treasury has finally made existing tax incentives technology neutral.”

Fuel Duty

“Staggering the 3p increase in fuel duty will give road users some respite. In reality, they are still applying the thumbscrews, just a little more slowly.”

Ultra-low carbon car tax

“The Chancellor’s decision to halve company car tax for ultra-low carbon cars is a nice gesture that probably should have been made in the Pre-Budget Report. This is definitely an incentive for the future - company car drivers will struggle to find a suitable ultra-low carbon car at the moment.”

Reduced Pollution Certificates

“It is great to offer an annual £500 VED rebate for operators buying Euro VI compliant vehicles, but where are people supposed to buy them? This is another green incentive that is great in theory but will make little or no difference for businesses any time soon.”

Road maintenance

“According to the Annual Local Authority Road Maintenance Survey, local authorities already have an £800m shortfall in road maintenance budgets so handing them an extra £100m is not going to go far.”

Funding

“The Chancellor highlighted the fact that interest rates remain at ultra-low levels, but he didn’t admit that lending rates have soared.

“We hope that the new Credit Adjudication Service will have a remit to help small businesses negotiate fair borrowing rates from their banks.”

 

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