THE government’s pre-election giveaway includes another freeze on the fuel duty planned for next September.
In cancelling fuel duty rise planned for next September, Chancellor George Osborne claims that it’s a saving of £10 on a tank of fuel.
For companies trading across England’s border with Wales, the Severn Crossing’s toll rates are to be cut from 2018
He added this, the third cancelled increase, brings the longest duty freeze in more than 20 years.
He also promises £100M investment into the internet of things (IoT), which will be the driving technology in the advance of autonomous cars.
For companies trading across England’s border with Wales, the Severn Crossing’s toll rates are to be cut from 2018 “a boost for the drivers of white vans”.
There’s also a promised £7Bn investment package to improve transport links in the southwest of England.
Good news for small companies and self-employed contracts also comes in the shape of the annual tax return which is to be abolished next year and replaced by a digital return that can be completed at any time throughout the financial year. On top of this, Class 2 National Insurance contributions are also to be scrapped.
