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Budget 2017: What It Means For Motorists

Today's Budget is the first to be delivered in November since 1996. The chancellor is under a lot of pressure with the 2017 Budget with cuts expected all around, but what does the 2017 Budget mean for motorists? Here's everything you need to know.

Budget 2017: Fuel Tax Increase

Philip Hammond is under a lot of pressure with the 2017 Autumn Budget, one pressure point, in particular, is for the motoring sector. 30,000 motorists have emailed the Chancellor to plead with him to avoid fuel tax, this comes as reports that ministers have been discussing changes to taxes for diesel cars.

THANKFULLY the emails may have had some sort of effect as Hammond has announced fuel duty will remain frozen for another year.

Budget 2017: Driverless Vehicles and Advanced Technology

The Chancellor has announced a helping hand towards driverless vehicles with a sum of £40m. The investment for driverless cars backs the Government's aim to allow driverless cars onto UK roads from 2021.

Driverless cars are a big boost to both the economy and the car industry, not only is it BIG money but the driverless car industry could support over 20,000 jobs.

Budget 2017: Electric Vehicles and Tax

The chancellor has unveiled extra funds and tax incentives for those who drive electric cars. A £400m charging infrastructure is planned along with an extra £100m plug-in-car grant.

£40m will also be invested into research for charging electric vehicles. The Chancellor said: "I know Jeremy Clarkson doesn’t like them, but there are many other good reasons to pursue this technology so today we step up our support for it. Sorry Jeremy, not the first time you’ve been snubbed by Hammond and May,"

Budget 2017: More Tax, Cleaner Air

A rise in taxes levied on diesel cars has been announced in the Autumn Budget. From the 1st April 2018 the first year VED tax rate for diesel cars which don't meet the latest emissions standards will go up by one band.

Company car tax levied on diesel cars will also increase by 1% but won't apply to new cleaner diesel engines.

Luckily the white van drivers upon us won't be hit by this as these measures only apply to cars, this means vans and commercial vehicles are exempt.

Hammond said the increase in taxes will be used to fund a £200m pot to improve air quality, local councils are expected to use the money to fund pollution measures which were announced earlier in the year.

VED tax rates from April 2018

 'First-year rate for diesel vehicles' refers to cars that fail to match Euro 6 emissions standards under real-world testing.

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Posted on 22nd November 2017 at 10:09 AM

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