Canal Boat - - News -

A zero per­cent in­fla­tion rate is good news for boaters – be­cause it means Canal & River Trust boat li­cences will not go up at all in 2016. A three-year pledge made by CRT in 2013 tied the an­nual in­creases to the rate of in­fla­tion (as mea­sured us­ing the pre­vi­ous sum­mer’s Con­sumer Price In­dex). The In­dex for Au­gust 2015 was zero, which means a zero rise in li­cence fees for all leisure craft and busi­ness boats in April 2016. How­ever CRT told Canal Boat that if the In­dex goes neg­a­tive, li­cence rates will not ac­tu­ally fall: “We are com­mit­ted to lim­it­ing price rises to in­fla­tion, rather than track­ing the CPI.”

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