MORE MOTORING-RELATED AUTUMN STATEMENT ANNOUNCEMENTS
Despite
many predictions that it could rise due to falling oil prices, there
was no announcement on fuel duty, which could see pump prices fall
towards £1 a litre before the end of 2015. But this could all change as small print in the Spending Review document
suggests a rise of more than 2p a litre in April 2016 – and steeper
rises every year after that. The small print shows the Treasury’s
takings from fuel duty are expected to rise at the rate of inflation
every year until 2020.
The
removal of the three per cent BIK tax rate supplement for diesel cars
will be suspended until 2012. This is in light of the recent Volkswagen
diesel emissions scandal and the introduction of new EU testing
regulations.
A permanent National Pothole Fund will receive £250m over the next five years to help pay for much needed pothole repairs.
£250m
will be invested in a major new permanent lorry park to take pressure
off the roads in the event of Operation Stack — a procedure used by Kent
Police and the Port of Dover in England to park lorries on the M20 when
services across the English Channel, such as those through the Channel
Tunnel or from the Port of Dover, are disrupted.
Ultra-low
emissions vehicles will continue to receive support, with a £600
million investment next year and between 2020 and 2021 to improve
increase manufacturing and uptake in the UK. However, there was no
clarification on whether the plug-in car grant — which offers £5,000 off
the price of an electric or plug-in hybrid car — will be extended or if
it will expire in 2016.
The
Department for Transport's operational budget will fall by 37 per cent
but its capital spending will be increased by 50 per cent to £61
billion. It will mark the largest road investment since the 1970s,
according to the Chancellor.
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