Budget boosts car tech
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