Budget
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Latest News 23 SepChancellor of the Exchequer announces £45bn of tax cuts in ‘mini’ budget
The Chancellor of the Exchequer Kwasi Kwarteng has announced £45 billion of tax cuts in a ‘mini’ budget set to cost the exchequer around £100bn.
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Market Insight 23 MarCuts to income tax and fuel duty to combat living cost rise, Sunak says
As the British people face significant increases in the cost of living, the Chancellor Rishi Sunak has delivered tax cuts to fuel and wages in today's Spring Statement to the UK Parliament.
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Market Insight 27 OctSunak reports 2022 aim for UK economy to reach pre-COVID strength in Budget speech
The UK economy is forecast to return to pre-Covid levels by 2022, as annual growth is set to rebound by 6.5% this year, followed by 6% in 2022, according to the Budget Day speech by Rishi Sunak, Chancellor of the Exchequer.
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Market Insight 26 OctBudget 2021: EV incentives, living wage and a turbo charged economy
Motorists and businesses have made it clear what they would like to see announced as part of the Chancellor’s Budget on October 27.
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Market Insight 10 MarChancellor’s ‘super-deduction’ tax break to boost car dealership investment
Costly corporate identity upgrades and showroom developments should be pulled forward to take advantage of Rishi Sunak’s ‘super-deduction’ tax relief offer, according to RSM.
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Market Insight 19 Mar
Car retail coronavirus business rates exemption ‘requires urgent clarification’
Car showrooms have been included in the list of businesses which will be exempt from business rates during 2020/21 – regardless of their taxable value.
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Car Dealer News 17 MarNFDA urges Government coronavirus plans to protect car retail sector
The National Franchised Retailers Association (NFDA) has urged Government to introduce fiscal measures to protect the automotive retail sector from the impact of COVID-19 coronavirus.
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Latest News 13 MarMG and Renault top-up plug-in car grant until end of March
MG Motor UK and Renault are both offering a temporary £500 discount on their electric vehicles (EV), following the reduction of the plug-in car grant (PCIG) in the Chancellor's 2020 Budget.
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Market Insight 12 Mar
Chancellor’s 2020 Budget: the automotive sector reaction
Automotive retail sector analysts suggested that the limited eligibility of many business benefits announced in Chancellor Rishi Sunak’s Budget 2020 could limit the advantages for the automotive retail sector.
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Market Insight 11 Mar
Chancellor commits £12bn to coronavirus measures in 2020
Chancellor Rishi Sunak has outlined an investment of £12 billion to help manage the effects of coronavirus on UK households and business in his 2020 Budget.
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Market Insight 27 FebJanuary UK car production dropped to nine-year low, reports SMMT
Car production slumped to a nine-year January low in the UK despite a 4.1% year-on-year rise in exports volumes, the Society of Motor Manufacturers and Traders (SMMT) has reported.
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Supplier News 20 Nov
IMI offers free advice on maximising Apprenticeship Levy funds
The Institute of the Motor Industry (IMI) is offering free expert advice to car dealers in an effort to help businesses maximise use of their Apprenticeship Levy funds.
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Supplier News 30 Oct
Motor trade bodies and suppliers disappointed with Budget statement
Industry bodies have responded to Budget 2018 measures announced yesterday by the Chancellor of the Exchequer.
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Manufacturer 25 OctChancellor should ‘stimulate market’ amid 16.8% UK car manufacturing decline
The Society of Motor Manufacturers and Traders (SMMT) has urged the Chancellor of the Exchequer to “stimulate the market” with his 2018 budget following September’s 16.8% decline in car production.
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Market Insight 23 Oct
MPs urge chancellor to boost EV adoption with tax incentives
A cross-party group of 42 Parliamentarians have called upon the Chancellor of the Exchequer, Phillip Hammond, to use this upcoming budget to stimulate the uptake of electric vehicles (EVs).
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Car Dealer News 12 DecChancellor’s diesel demonization yet to influence EV uptake, data reveals
Just one in 100 car buyers are actively looking at new electric vehicles despite the Chancellor’s diesel demonization, according to What Car?
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Market Insight 22 NovBudget 2017: Diesel car taxes could dent sales further
Diesel car buyers could be put off a new purchase after new tax measures announced in Philip Hammond's 2017 Autumn Budget added upto £300 to the first year VED rate.
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Market Insight 22 NovBudget 2017: Essential points for motor retailers
Some of the key points in the latest Budget that may impact motor retailers and their employees
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Market Insight 22 Nov
Budget 2017: A summary of all the key points
A summary of the 25 key points from Chancellor Philip Hammond's budget speech this afternoon.
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Market Insight 14 Nov
Diesel's fate a 'done deal' ahead of 2017 budget
Diesel vehicles' fate is sealed according to car retailers speaking ahead of a government budget which is likely to a strict new tax regime for vehicles powered by the fuel.
