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Trending Rishi, please wake up and recognise that more money in peoples’ and businesses’ pockets will rocket UK Plc, and most certainly not by punishing the world’s already highest taxed drivers with an inane duty hike in your March 3 Budget. The Treasury has previously predicted each driver may have saved up to £1,200 each as part of the decade long duty freeze. However, the scheme may have cost the Treasury over £100billion in extra revenue generated from millions of drivers. More drivers switching to electric cars has seen traditional fuel duty and Vehicle Excise Duty (VED) revenues fall by around £40billion. ....
CAR TAX changes could make the cost of driving super expensive for thousands of road users and could possibly cost drivers almost £4,000 per year. ....