Following yesterday’s budget, Canvey Carriage Company decided
to bring you a quick run though of what it means for motorists. There were a
handful of small measure that will hopefully help Britain’s road users
everywhere.
There will be a freeze on fuel duty until spring next year,
meaning the rise that was planned for this September has now been abandoned.
George Osborne outlined how this freeze would make petrol 20 pence per litre
cheaper on average.
There were however, details of an increase in vehicle excise
duty, in line with inflation. This means that from the 1st of April, any cars
that fall into band D or higher will rise by £5 or more. Vehicle owners will be
able to pay for their vehicle excise on a monthly, biannual or annual basis
from October 2014. Remaining tax on a car being sold on will no longer be
transferrable.
Osborne also gave details on a £200 million fund for local
authorities to repair potholes, which was welcomed by the Institute of Advanced
Motorists. UK roads have been hit hard by bad weather over the last few years
so every little helps in terms of repairs. The RAC on the other hand have
stated that to simply patch up potholes perhaps isn’t enough. They suggested
that whole stretches of road need to be resurfaced regularly. They said that
patching up potholes is a false economy that leads to more damage to the cars
of taxpayers on a year by year basis.
Exemption from car tax for classic cars will move to a
40-year rolling period as of April this year. Models such as the Austin Allegro
and the Reliant Robin will qualify for tax exemption, potentially increasing
their resale value.
These are largely positive steps for motorists across the
country and we should begin to see their benefits in the coming months.
If you’re looking for a new used car, why not check out the Canvey Carriage Company website, where you’ll find our exquisite range of quality used
cars. You can also follow us on Twitter or like us on Facebook for more stories
like this.
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