Browsing: Rachel Reeves

Millions of drivers face increased costs due to new ‘luxury’ car tax charges, prompting calls for adjustments from the car industry.

Motorists are rushing to buy electric vehicles (EVs) before a new tax takes effect, causing overall car sales to slip.

Businesses are increasingly adopting electric vehicle (EV) salary sacrifice schemes to mitigate the impact of the upcoming increase in National Insurance contributions.

New data indicates a decline in van sales following the Autumn Budget, suggesting a potential downturn in economic confidence as new car tax changes are set to launch.

The UK government is urged to consider a ‘pay-per-mile’ scheme as electric cars threaten an £8 billion tax shortfall.