NFDA Budget Comment
The National Franchised Dealers Association (NFDA) represents 4,700 franchised dealers that sell, service and repair new and used vehicles, employing individuals in the customer-facing side of the motor industry.
NFDA Budget Comment
Sue Robinson, NFDA Director
PERSONAL ALLOWANCE
The NFDA have previously called on Government to increase the personal allowance so the news that personal allowance will increase to £10,000 from April 2014 is very much welcomed. The NFDA supports any initiative that will increase the amount of disposable income available to consumers.
CONSUMER CONFIDENCE
Many of the measures in this year’s budget will help consumers by increasing the amount of disposable income they have available. Increasing tax allowances, reducing duty of beer and scrapping increases in fuel duty will assist the hard pressed consumer. We urge Government to commit to reducing the tax burden on consumers to help stimulate the UK economy.
CORPORATION TAX
The news that corporation tax will fall to 20% in April 2015 will be welcomed by businesses across the UK. The merging of the small business rate to form one corporation tax rate for all businesses is a positive move fully supported by the NFDA.
NEW EMPLOYMENT ALLOWANCE
The NFDA is pleased to see this measure as it has addressed part of our recommendation to the Treasury for measures to help increase employment by removing the burden of employers national insurance on new starters. This in turn will boost employment.
TRANSPORT MEASURES
The NFDA welcomes the general transport measures on fuel duty and road upgrades which will benefit road users across the UK. This is turn should have a positive effect on the vehicle market.
ENDS
Sue Robinson
Director
National Franchised Dealers Association (NFDA)
NOTES TO EDITORS
RMI ISDN line: 020 7637 0231
Tel: 020 7307 3422
Mob: 07825 097 697
Web: www.rmif.co.uk
Email: press@rmif.co.uk
The NFDA is part of the Retail Motor Industry Federation represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.
