“It is positive to see that the Chancellor has indicated we will continue to see the UK economy grow between now and 2022”, said Sue Robinson, Director of the National Franchised Dealers Association (NFDA) commenting on today’s Spring Statement.
In today’s statement, the Chancellor confirmed that the UK economy is growing at a slightly faster rate than predicted in November, and borrowing is down
Key points included:
- A reduction in tax on for the least polluting vans to "help the great British white van driver go green"
- There will be a consultation on new plans to strip away tax relief on ‘red diesel’
- £80m of funding will be released to support small businesses to engage with apprentices
Robinson continued, “We will now be looking at the statement in detail and engage with the Government to ensure that our members can benefit from future measures.”
ENDS
NOTES TO EDITORS:
Rupal Rawal, Press Officer
Tel: 020 7307 3412
Mob: 07528 977 157
Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406
Web: www.rmif.co.uk Email: rupal.rawal@rmif.co.uk
The Retail Motor Industry 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.
