Business

Driving law changes being introduced in March

Motorists across the UK are being warned of recent driving legal guidelines set to be introduced over the approaching month that would affect their funds.

March will see various changes being introduced in line with custom, in addition to the Government’s Spring Statement outlining the monetary yr forward.


The new monetary yr can also be across the nook with motorists and companies hoping for readability on components together with gasoline responsibility and automobile tax.

GB News rounds up an important driving law changes set to be introduced in March 2024 and what it might imply for you.

A variety of new driving law changes will probably be introduced subsequent month

GETTY

Number plate changes

From tomorrow, March 1, a brand new batch of quantity plates will probably be introduced to mark the rollout of recent automobile fashions hitting forecourts.

The new “24” plates will adorn the newest fashions, with specialists predicting that the worth of recent automobiles will rise over the approaching weeks, whereas used automobile costs might crash.

Following on from the “24” plate in March, drivers may even be capable to see the brand new “74” plate rolled out in September.

Jeremy Hunt with the Budget

The Budget will probably be rolled out on March 6

PA

Spring Statement

Jeremy Hunt will unveil the Government’s Budget on March 6 with drivers conserving an keen eye on the proceedings in Parliament to see if components immediately impacting them will probably be addressed.

One of probably the most urgent points for drivers is the worth of petrol and diesel and the way any change to the gasoline responsibility minimize might have a big impact on what folks pay on the pumps.

Fuel responsibility was first minimize by 5 pence per litre in 2022 and prolonged by 12 months final yr. It is now as much as the Chancellor to increase the minimize by one other yr, increase the speed of the minimize or let it expire, all of that are anticipated to have an effect on gasoline prices.

Drivers may even be searching for any data on necessary automobile tax changes that could be introduced after the Government introduced that VED charges would rise in line with RPI from April.

Electric car charging

Drivers are hoping for a VAT minimize on public electrical automobile chargers

PA

Electric automobile house owners are additionally searching for assist from the Government following widespread calls from the trade to slash the speed of VAT on public chargers from 20 per cent to 5 per cent – in line with the VAT fee on house chargers.

Many have additionally known as on the Government to go additional by delaying the introduction of Vehicle Excise Duty (VED) funds for EV drivers which is about to be introduced subsequent yr.

While new measures are unlikely, the Chancellor might additionally resolve to deliver again the Plug-in Car Grant, permitting drivers to modify to an electrical automobile with a money incentive.

Motorists may even be searching for assist with their insurance coverage payments, which have risen dramatically in latest years. Major insurance coverage corporations have instructed that the Insurance Premium Tax (IPT) could possibly be scrapped to save lots of drivers round £60 a yr.

LATEST DEVELOPMENTS:

Petrol pump

A session on gasoline costs will finish in March

PA

Fuel costs

A session launched in January was set as much as “understand views on the best way to design and implement” a gasoline value checker.

The Competition and Markets Authority (CMA) undertook a market examine and located that main retailers and supermarkets had been overcharging drivers by £900million in 2022 alone.

The session is about to finish on March 12 with drivers hoping the brand new gasoline value checker will probably be introduced quickly to power costs down after weeks of accelerating prices.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button