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BUDGET: Expert opinion - SMMT

Paul Everitt, chief executive of the Society of Motor Manufacturers and Traders, shares his views on today's Budget.

Everitt said: "Measures to encourage more and better priced lending to consumers and businesses, alongside additional support for investment in low carbon vehicle technologies is further evidence of the new priority given to UK motor manufacturing.

" There is disappointment that the introduction of the first year VED rates have not been deferred, but the doubling of the annual investment allowance will give a lift to the commercial vehicle market."

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