economy
NI hikes will only deepen challenges for rental and leasing sector, warns BVRLA
The vehicle rental and leasing industry faces a turbulent 2025, with escalating employer National Insurance contributions (NIC) at the forefront of mounting concerns, according to the BVRLA’s Industry Outlook Report.
EV transition needs policy overhaul amid struggles to compete with China
A leading expert on automotive economics is calling for a comprehensive overhaul of UK policy, including incentives, infrastructure development and a clear industrial strategy to address domestic production woes and accelerate the EV transition.
Sunak reports 2022 aim for UK economy to reach pre-COVID strength in Budget speech
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.