The UK economy is forecast to return to pre-Covid levels by 2022, as annual growth is set to rebound by 6.5% this year, followed by 6% in 2022, according to the Budget Day speech by Rishi Sunak, Chancellor of the Exchequer.
Motorists and businesses have made it clear what they would like to see announced as part of the Chancellor’s Budget on October 27.
Costly corporate identity upgrades and showroom developments should be pulled forward to take advantage of Rishi Sunak’s ‘super-deduction’ tax relief offer, according to RSM.
Car showrooms have been included in the list of businesses which will be exempt from business rates during 2020/21 – regardless of their taxable value.
The National Franchised Retailers Association (NFDA) has urged Government to introduce fiscal measures to protect the automotive retail sector from the impact of COVID-19 coronavirus.
MG Motor UK and Renault are both offering a temporary £500 discount on their electric vehicles (EV), following the reduction of the plug-in car grant (PCIG) in the Chancellor's 2020 Budget.
Automotive retail sector analysts suggested that the limited eligibility of many business benefits announced in Chancellor Rishi Sunak’s Budget 2020 could limit the advantages for the automotive retail sector.
Chancellor Rishi Sunak has outlined an investment of £12 billion to help manage the effects of coronavirus on UK households and business in his 2020 Budget.
Car production slumped to a nine-year January low in the UK despite a 4.1% year-on-year rise in exports volumes, the Society of Motor Manufacturers and Traders (SMMT) has reported.
The Institute of the Motor Industry (IMI) is offering free expert advice to car dealers in an effort to help businesses maximise use of their Apprenticeship Levy funds.
Industry bodies have responded to Budget 2018 measures announced yesterday by the Chancellor of the Exchequer.
The Society of Motor Manufacturers and Traders (SMMT) has urged the Chancellor of the Exchequer to “stimulate the market” with his 2018 budget following September’s 16.8% decline in car production.
A cross-party group of 42 Parliamentarians have called upon the Chancellor of the Exchequer, Phillip Hammond, to use this upcoming budget to stimulate the uptake of electric vehicles (EVs).
Just one in 100 car buyers are actively looking at new electric vehicles despite the Chancellor’s diesel demonization, according to What Car?
Diesel car buyers could be put off a new purchase after new tax measures announced in Philip Hammond's 2017 Autumn Budget added upto £300 to the first year VED rate.
Some of the key points in the latest Budget that may impact motor retailers and their employees
A summary of the 25 key points from Chancellor Philip Hammond's budget speech this afternoon.
Diesel vehicles' fate is sealed according to car retailers speaking ahead of a government budget which is likely to a strict new tax regime for vehicles powered by the fuel.
Chancellor Philip Hammond has said he expects to reveal changes to the tax treatment of diesel vehicles in his autumn budget.
The Chancellor of the Exchequer is being urged to stop ‘beating up’ motorists for driving the ‘wrong’ cars, but do more to encourage the adoption of new technologies.
