Thursday, March 13, 2008
Budget 2008: Industry reaction
The automotive industry has hit back at the government's plans to introduce further tax hikes on the most polluting vehicles.
The SMMT said taxes on higher emitting vehicles had little effect on CO2 emissions and created an “unwelcome market distortion”.
“Introducing what is effectively a sales tax for many new cars is a retrograde step,” said SMMT chief executive Paul Everitt. “Trying to force people out of high-value cars has no environmental merit and will be seen as a smokescreen for revenue-raising.”
DATED: 13.03.08
FEED: MT
