As you’d expect, there’s good and bad news for the average motorist who’s looking to save a few quid.
First the good – The Chancellor, Philip Hammond, has cancelled the proposed 2p per litre fuel duty rise planned for next April. Yay!. Actually, he’s actually postponed it until April 2018 but who knows what may happen before then.
It’s reckoned that this will save the average motorist £130 per year.
Then the bad news. There will be a rise in insurance premium tax. No direct explanation for this but industry say’s it’s something to do with the increase in whiplash injury claims.
Hammond has also said that there will be more money spent on roads.
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