If you are a keen motoring enthusiast, like we are here, then you probably won’t have missed the news regarding fuel prices recently. Well the latest on this issue is that the government has now decided to further postpone the scheduled three pence rise in fuel duty that was intended for January.
A Welcome Change
This announcement, which has been welcomed by motorists across the UK, was part of the Autumn Statement by Chancellor George Osborne. He also announced that the planned rise of 5p in August has been lowered to 3p. So, expect fuel prices to remain fairly constant for at least the next eight months!
Of course fuel prices will still vary from one location to another, just driving home I see variances of two pence from one borough to the next, however, we can’t exactly stop companies from competing with one another.
Mr Osborne’s statement has also explained that taxes on petrol will be 10 pence lower in August 2012 than they would have been as a result of action taken in this year’s Budget. This will, hopefully, see families saving around £144 on average next year. A sizeable saving for sure!
Roads to Improve
Further pleasing news for us motorists was that the National Infrastructure Plan was announced. This is the plan to improve roads, rail and airports among other things. £5 billion of additional public spending will reportedly be pumped into more than 500 projects over the coming years.
The big improvements for the roads are, currently, likely to be upgrades to the M1 and the M6 in the Midlands as well as the Bristol link road and the A380 bypass in the South West. The toll charge for the Humber Bridge that connects Yorkshire and North Lincolnshire will also be halved. The cost will therefore be £1.50 for a single crossing instead of the rather extortionate price we have to pay now.
The price it costs these days to run a car from day to day is quite astonishing, especially if you add it all up, not forgetting motor insurance quotes of course, along with road tax, car maintenance and services, and of course, fuel! It is at least pleasing and quite relieving to see that the government are, to some extent, helping us out. Long may that continue, and hopefully they will do a u-turn on the proposed price increase in August.









