Autumn Budget Analysis: Find out how the budget will impact you

By Armstrong Watson

18th March 2015

What does the budget mean for the haulage and motor trade?

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As I am sure you are aware, the Chancellor gave his pre election budget today, with a few mentions towards the motor industry. In general the budget was extremely positive; the Chancellor took the time to highlight what the current government had done to help the UK economy.

One of the strap lines that will come from the budget will be get a “tenner off a tank with the Tories” which was mentioned with the announcement that the September 2015 fuel duty increase was going to be cancelled. This is great news and will be very helpful to haulage companies.

Further to this specific announcements were made in respect of government investment into the motor industry:

•The South West is to receive £7 billion of transport investment, it would be great for some of this to have been invested in the ‘Northern Powerhouse’

•The automotive industry is to receive £100 million investment “to stay ahead in the race for driverless cars”

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