Industry reacts to £200m highways maintenance spending in budget
The highways and transport technology industry has issued its reactions to Chancellor Jeremy Hunt’s measures in the budget which included £200 million for highways maintenance for the financial year 2023-2024. The Department for Transport says it is committed to allocating this funding to local highways authorities so they can most effectively spend this funding on […]
Chancellor reminded of balancing act for logistics providers
Ahead of the budget tomorrow (Wednesday) the Chancellor has been reminded that the finer details of his statement could mean the difference between those who can, and those who struggle to stay afloat. Barney Goffer, UK Product Manager at Teletrac Navman UK has written an open message to Jeremy Hunt reminding him that, for fleet […]
OBR report suggests 23% fuel duty rise
Although it wasn’t mentioned in the Chancellor’s Commons speech today, analysis of the Office for Budget Responsibility’s report into the autumn station suggests fuel duty could rise sharply next March. On page 57 or the 68-page document, the OBR report‘s “risks and uncertainties” section mentions the rise. The document says: “The planned 23 per cent […]
EVs lose tax exemption – reaction
The Chancellor Jeremy Hunt has announced “that from 2025 electric vehicles will no longer be exempt from Vehicle Excise Duty”. The decision was announced in the Autumn Statement in the Commons. His full comment on the issue was: “Because the OBR (Office for Budget Responsibility) forecast that half of all new vehicles will be electric […]