Populist Budget Will Do Little To Boost Poor Vehicle Demand

Chancellor George Osborne's budget announcement revealing an immediate cut in fuel duty by one pence a litre, a delay in the planned four pence rise due in April until 2012 and a promise to limit the rise by only the rate of inflation has been broadly welcomed by the UK auto industry. Paul Everitt, the CEO of the Society of Motor Manufacturers and Traders (SMMT) has lauded elements of the budget, saying it indicates the government's intent to encourage manufacturing and investment in the country.

To read the full article, please choose one of the following options: