How the new 2016 Budget affects motoring and your new car

Published Date: 16th Mar 2016

The Chancellor of the Exchequer, George Osbourne reveals the Budget for the rest of the year and beyond, but how much change is instore for the motor industry and motorists?

Well for the Sixth year running fuel duty has been frozen to help drive us and Britain forward and keep the economy moving along. Many see this as a surprise and could’ve easily been used by the chancellor to sneak a little duty rise on top and raise funds for something else, as we have been enjoying the spoils of low market oil prices bringing the cost of fuel down.

£230 million pounds has been set aside for upgraded existing motorways and A-roads in the north, with the M62 set to be improved to four lanes and further enhancements to the A69 and A66.

Further Investment will go towards developing plans for a tunnel road between Manchester and Sheffield aptly named the Trans Pennine Tunnel

Crossrail 2 has been given the go ahead linking Hertfordshire and Surrey. The project is planned to open in 2033 and will pass through Tottenham Hale, Euston-St Pancras, central London, Tottenham Court Road, Victoria and Clapham Junction.

While sticking to railed transport, HS3 has also been given the green light, linking Manchester and Leeds with a high speed modern rail system, to bring better and quicker transport links in the north which is long overdue.

The tolls for the Severn Crossings between England and Wales currently £6.60 for cars, £13.20 for vans and £19.80 for HGV’s will be slashed in half from 2018 onwards.

IPT or Insurance Premium Tax will rise half a percent to 10% with the extra money going towards improvements to flood defences.