Petrol duties raised in chancellor's budget - BikeBiz

Petrol duties raised in chancellor's budget

And when cars become too expensive to run, IBDs benefit
Publish date:
181_Picture 1.jpg

It has been revealed in today's budget that petrol duty is set to rise by 2p in September and then another 1p consecutively every April up until 2013.

This means that fuel costs are once again set to sit on the brink of £1 per litre, further compounding motorists frustration with what is becoming a less and less sustainable means of transport. Good news for bicycle dealers.

However, as part of the Government's plans to revive the motor industry, the plan to offer £2,000 to those who scrap cars older than ten years, replacing them with new vehicles, was confirmed.

The budget also briefly touched on investment in 'green industries' with a 'strategic investment fund' of £750 million announced, a third of which will be set aside specifically for low-carbon projects.

The full document can be downloaded via the BBC, here.

Featured Jobs

cycles service promo

Shop Manager/ Head Mechanic

Cycleservice Limited I Sidmouth, East Devon I Salary: £22,000 Plus Share Incentives Available I Date Published Wednesday 30th May 2018

Giant St Paul Logo

Bike Fitter / Sales Person

Giant St Pauls I City of London I Salary: Negotiable Dependent on Experience I Date Published Thursday 21st June 2018


Social Media Executive

Sigma Sports I Hampton Wick, Surrey I £22,000 to £24,000 per year I Date Published Monday 4th June 2018