Autumn Statement explained

What it means for motorists, and what it’ll cost you

THERE was good and bad news for motorists last week as new Chancellor Philip Hammond announced his first Autumn Statement – the first since June’s Brexit vote.

Hammond’s focus was on increasing productivity in the UK by backing transport projects and investing more in research and development for future technologies. The Chancellor said: “[The Government is] investing today for the economy of the future. Families rely on roads, rail and telecommunications. There is additional funding to help keep Britain moving.”

Hammond said he wants to close the productivity gap with rival nations, as the UK currently lags behind Germany by 30 per cent and France by more than 20 per cent.

He added: “In the real world, it takes a German worker four days to produce what we make in five; which means, in turn, that too many British workers work longer hours for lower pay than their counterparts.”

From new road projects to network trials for a new 5G phone network, insurance premiums to fuel duty, we’ve rounded up the top five concerns for motorists, and what the experts had to say.

“Investing today for the economy of the future. There is additional funding to keep Britain moving” PHILIP HAMMOND Chancellor

TIGHT FIT With car sizes increasing, NCP has decided to make parking bays larger