Image Source: rolecserv.com/ev-charging/product/EV-Charging-Points-For-The-Home EVHomeSmart Rolec EV has been a go-to for t read more
How the 2016 Budget will affect motorists
15/04/2021 Audi A4 40 Avant quattro 2.0TDI 204 S line STron Auto7 - Save 25.2% - £10,725 off list price - £31,845
15/04/2021 Citroen Grand C4 SpaceTourer MPV 1.5 BlueHDi 130 Shine EAT Auto8 - Save 30.8% - £10,448 off list price - £23,477
15/04/2021 Land Rover Range Rover Velar 2.0P 249 R-Dynamic Auto8 - Save 12.6% - £6,260 off list price - £43,405
15/04/2021 Mercedes-Benz A200d Hatch 150 AMG Line Premium Plus 8G-DCT Auto - Save 12.9% - £4,634 off list price - £31,217
Insurance premiums will rise by 0.5%, with the Chancellor stating that this will pay for extra flood defences, and 10% of your car insurance now goes in tax, up from 9.5%.
Osborne did, however, announce a price freeze on petrol and diesel duty for the sixth year in a row, and he expects this will save motorists £75 a year when compared with the pre-2010 fuel duty.
The Budget also saw an announcement made on the testing of driverless cars on Britain's motorways.
The announcement made clear the government's intention on supporting the growth of autonomous cars by stating they will be trialed as soon as next year.
Claims that the technology could represent a fundamental change to transport were made in Parliament, and the announcement is one of many that could put Britain into a position to lead the world in new technologies and infrastructure according to the Chancellor.
Get a GAP insurance quote for your new car
There was no announcement on changes to VED or car tax during the Budget, although any alterations to Britain's annual tax system for cars will be made in April 2017.
Below is a list of the key announcements surrounding motoring made in the 2016 Budget:
- Fuel duty has been frozen for sixth year in a row, saving the average UK driver £75 a year
- Fuel prices are '18p a litre lower than under Labour' according to the Government
- Insurance premium tax rises by 0.5% in order to pay for flood defences
- 10% of your car insurance premium will now go in tax, up from 9.5%
- Driverless cars will be tested on UK roads in 2017
- Petrol price comparison boards to be trialed on M5 near Bristol
- New tunnel road under Pennines from Sheffield to Manchester
- £15m connected corridor from London to Dover for autonomous cars
- Commitment made to expand M62 to four lanes with £161m investment
- A66 and A69 to receive £75m upgrades
- Tolls on the Severn crossing from England to Wales will be halved by 2018
- £50m Pothole Action Fund for 2016-17
- Company car tax will continue to be based on CO2 beyond 2021
- £130m repair fund for roads/bridges that suffered damage by Storm Desmond and Eva
- Businesses encouraged to buy low-emissions cars, and 100% First Year Allowance (FYA) extended to April 2021