Rachel Reeves has just slapped motorists in the | Tech News
Rachel Reeves has slapped each car driver in the UK round the face again together with her newest tax transfer. Does it ever finish? The Chancellor has cut Vehicle Excise Duty (VED) for 1000’s of autos. But car house owners aren’t included. What a devastating blow.
Since Reeves and Labour took workplace, drivers have confronted the full drive of her wrath with tax increase after tax increase. Motorists have properly and really been in the firing line. First was the extortionate VED price hikes in April 2025, the place many first-year charges had been doubled.
Owning a model new polluting car over 255g/km of Co2 used to value £2,745 per 12 months, however below Reeves, charges have climbed to £5,490 after which £5,690. Crazy. It was a transfer that was properly above the inflationary charge and a merciless blow to petrol and diesel house owners.
Next was a failure to behave rapidly to scale back fuel obligation and VAT as prices soared. Labour finally U-turned on a resolution to increase charges later this 12 months, however the injury had already been accomplished in the eyes of the public.
Reeves has then had electric car house owners in her sights, introducing a new electric Vehicle Excise Duty (eVED) payment charging highway customers 3p per mile from 2028. The scheme is very controversial, with many highway customers towards the proposal.
So, after completely hammering drivers for 2 years, who’s the first to benefit from her charity? Not car house owners however HGV drivers. The Chancellor has cut VED renewal charges for hauliers, with charges slashed to just £1. That doesn’t sound like Labour in any respect?
The HGV sector is completely important to the nation and its important this important industry is protected. The transfer is an completely large win for the freight sector, prompted by what HMRC have known as a “disproportionate exposure to fuel costs”.
However, car house owners are more likely to really feel arduous accomplished by. If there was money accessible to cut prices, why didn’t Britain’s on a regular basis motorists additionally really feel some help?
Everyone has been impacted by a large rise in fuel prices, with diesel as high as 191p per litre back in April, the second highest charge in the final decade. Diesel has dipped barely, however the present 176p average continues to be the highest since 2022. It’s been robust on the market for all highway customers.
A small tax cut or fuel obligation decline would have been a large enhance to Britain’s drivers. This might be one other large own aim.
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