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A budget for changing times
Date:

Autumn Budget 2017

Despite Jeremy Clarkson’s dislike of driverless cars, the Chancellor Philip Hammond announced that the government sees them as the future. They intend to support the new technology, but first need to assist the change to electric cars. The Autumn Budget proposes :

  • A new £400m charging infrastructure fund
  • Invest an extra £100 million in Plug-In-Car Grant
  • £40 million for charging R&D
  • A change in the tax structure so that those charging their cars at work will not be taxed ‘as a benefit in kind’

In order to protect the environment, The Air Quality plan published earlier in the year, will also be funded through a £220 million Clean Air Fund raised by new taxes on diesel cars.

  • From April 2018 the first year VED rate for diesel cars (that don’t meet the latest standards) will go up by one band
  • The existing diesel supplement in Company Car Tax will also increase by 1%

Drivers may be able to avoid these increases if manufacturers bring forward the next-generation of cleaner diesels. Hammond also reassured (White Van Man or Woman) that these measures will only apply to cars.

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