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City analysts today warned the government that the British economy is set to witness a recession which could last up to 18 months. Capital Economics predicts that the gross domestic product for the...
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Wednesday 28th May 2008
There are strong hopes that the UK government are about to announce a u-turn on their planned increase in car road tax, a tax which has yet again been introduced under the ‘green tax’ banner. The move seems to be a direct result of serious pressure from consumer and motoring groups on the government’s plan to back date car tax increases on an array of different sized vehicles.
While the Gordon Brown is arguing that some car owners will pay less road tax under the new scheme, it seems that this group will most certainly be in the minority. Some of the larger vehicle owners are looking at prices rises of up to and beyond £400 a year while even some of the smaller sized vehicles will see costs double.
One of the main points of concern seems to be the fact that many of the vehicles under threat of price rises were in a group of cars which the government claimed would be exempt only a few months ago. Pressure is mounting for a major u-turn and while it will be political suicide for Gordon Brown he has very little room for manoeuvre. |
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