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Budget Summary - March 2010
Last week saw the final Budget prior to a General Election and there was nothing too significant for fleet operators apart from a few items worth commenting on.
Perhaps the biggest relief being that National Insurance payments did not increase and, for motorists in general, the £100m pledged to help deal with the national pothole epidemic!
There was also clarification of the BIK situation for plug-in hybrids and very low emission vehicles as well as the delaying of part of the fuel duty rise.
“Rather than look at this Budget in isolation, “commented Gary Benfield, Managing Director of Sandicliffe Motor Contracts, “we have to look more broadly at the overall stance being taken on the company vehicle market, and motoring generally in the UK.
“There is no doubt that we are on a sensible, and irreversible, trend towards greener, lower emission vehicles and we are definitely seeing decisions now being taken around the introduction of lower CO2 vehicles in most policies. At the same time, fuel costs continue to rise and our roads are becoming increasingly congested, and it is fairly apparent that we are moving progressively towards a situation where companies not only operate greener fleets but also challenge their overall business travel needs.
“Our advice to businesses is that if you have not reviewed your fleet recently, perhaps now is a good time to do so. As we move out of recession, companies are starting to order new vehicles again and with today’s decisions influencing vehicles that will be on your fleet for the next 3 to 4 years it is important to make the right choices now.”
<< show all articles
Budget Summary - March 2010
Last week saw the final Budget prior to a General Election and there was nothing too significant for fleet operators apart from a few items worth commenting on.
Perhaps the biggest relief being that National Insurance payments did not increase and, for motorists in general, the £100m pledged to help deal with the national pothole epidemic!
There was also clarification of the BIK situation for plug-in hybrids and very low emission vehicles as well as the delaying of part of the fuel duty rise.
“Rather than look at this Budget in isolation, “commented Gary Benfield, Managing Director of Sandicliffe Motor Contracts, “we have to look more broadly at the overall stance being taken on the company vehicle market, and motoring generally in the UK.
“There is no doubt that we are on a sensible, and irreversible, trend towards greener, lower emission vehicles and we are definitely seeing decisions now being taken around the introduction of lower CO2 vehicles in most policies. At the same time, fuel costs continue to rise and our roads are becoming increasingly congested, and it is fairly apparent that we are moving progressively towards a situation where companies not only operate greener fleets but also challenge their overall business travel needs.
“Our advice to businesses is that if you have not reviewed your fleet recently, perhaps now is a good time to do so. As we move out of recession, companies are starting to order new vehicles again and with today’s decisions influencing vehicles that will be on your fleet for the next 3 to 4 years it is important to make the right choices now.”