Fuel duty freeze
A huge bugbear of every motorist today is the high cost of fuel, driven by the amount of duty the government adds to it and the rate at which fuel duty rises.
In his 2013 Statement addressing the House of Commons the Chancellor George Osborne said “I can deliver on that promise: next year’s fuel duty rise will be cancelled”.
The Chancellor claimed that fuel is 20p per litre less under the current government and £11 per tank less than it would have been had Labour remained in power.
So this effectively means that fuel duty will have seen the longest freeze in two decades at four and a half years. Now that’s got to be something to smile about.
End of the tax disc
The Autumn Statement also heralded the end of the physical tax disc from October 2014.
The government believes the tax disc, first introduced in 1921, to be redundant now that the police use an electronic register to keep track of VED (Vehicle Excise Duty) payments.
From October 2014 there will be a replacement electronic payment system which will allow people and businesses to pay via direct debit on a monthly, biannually or annual basis. Much more flexible than the current system