Friday, March 12, 2010
Budget date confirmed as Darling is urged to drop VED changes
The chancellor's statement will fall just six weeks ahead of the widely expected general election date of 6 May.
Industry response
The UK motor industry moved quickly to deliver a stark message to the chancellor with the SMMT calling for measures to encourage industry and boost consumer confidence.
Pre-Budget submission
In its annual pre-Budget submission the SMMT urged the chancellor to implement measures to support long-term investment, employment and technological development in the UK motor industry and drop or delay the planned introduction of a first year rate of VED tax on new cars from April 2010.
"The scrappage scheme has been a lifeline for the new car market, but further measures are now necessary to build confidence and encourage new investment," said SMMT chief executive, Paul Everitt.
DATED: 12.03.10
FEED: MT
