Bud­get boosts car tech

Auto Express - - News -

GREATER pro­tec­tion for con­sumers and in­vest­ment in automotive R&D bud­gets formed part of the 2017 Bud­get.

Terms and con­di­tions for fi­nance and in­sur­ance con­tracts will be sim­pli­fied as part of Gov­ern­ment pro­pos­als to pro­tect con­sumers from un­ex­pected fees and clauses. Con­sumer bod­ies will also be given greater en­force­ment pow­ers un­der plans to be out­lined in full later this year.

In ad­di­tion, Chan­cel­lor Philip Ham­mond an­nounced £270mil­lion to keep Bri­tain at the head of “dis­rup­tive tech­nol­ogy”, like driver­less cars, while £16m has been set aside for a 5G hub. A con­test for £690m will also be launched for lo­cal au­thor­i­ties to aid ur­ban con­ges­tion.

Fuel duty, ve­hi­cle ex­cise duty and the HGV road user levy were all frozen.

Philip Ham­mond’s Bud­get froze fuel and VED levies

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