Newsletter
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Issue 1 - 05th January 2024
Welcome note from Sue Robinson
Dear Colleagues,Over the festive period, the Government confirmed that the Spring Budget 2024 will be delivered on 6 March. This is widely seen as the last big fiscal event before a general election and could be the last chance for the Government to announce significant changes to tax policy before then. NFDA will be submitting our proposal before the end of the month to outline the expectations from the automotive...
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05th January 2024
New car market experiences a year of positive growth, but...
The latest figures for December bring a positive conclusion to what has been a consistent year of growth for the UK automotive sector as motor retailers sold 17.9% more new vehicles in 2023 than in...
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05th January 2024
ZEV Mandate becomes law
As of Wednesday 3 January 2024, the ZEV mandate becomes law, requiring all new cars and vans to be zero emission by 2035. For 2024, 22% of all new UK car sales from each qualifying brand must be...
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05th January 2024
After Government fails to hit 2023 charge point targets,...
The RAC announced on Tuesday 2 January that the Government has failed to hit its motorway services high-power EV charger target in 2023, NFDA took this moment to call on Government to address this....
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05th January 2024
Terence Donnelly awarded OBE in New Years Honours list
Terence Donnelly, Executive Chair of the Donnelly Motor Group in Northern Ireland, has been awarded an OBE for services to the motor industry in the New Year Honours list. NFDA would like to...
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05th January 2024
TfL advises of five weekends of planned works affecting...
Southbound traffic will need to seek alternative routes across the weekends of 13-15 January, 20-22 January, 27-29 January, 10-12 February and 24-26 February Closure to southbound tunnel needed to...
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05th January 2024
SsangYong Motors UK rebrands to KGM Motors UK
KGM Motors UK has announced that all KGM UK dealerships will showcase the brands’ new corporate identity by mid-2024. KGM Motors UK confirmed its name change from SsangYong Motors UK to KGM Motors on...
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05th January 2024
Employee National Insurance Rate Cut from 12% to 10% kicks...
From 6 January 2024, the main rate of Class 1 National Insurance contributions will be cut from 12% to 10%. The measure was announced by the Chancellor, Jeremy Hunt in the Autumn Statement 2023 in...
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05th January 2024
Mils case study: Changes to Holiday Pay From the 1st of...
The Government has brought several significant changes to holiday pay at the start of 2024 which employers should be aware of. The main idea behind the newly introduced reforms is to simplify holiday...
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05th January 2024
Successful year for LCV market but no change in electric...
December’s figures ends what has been a very successful year for light commercial sales, as often sales and registrations of LCVs fall off in the lead up to Christmas. Light Commercial Vehicle (LCV)...
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