Budget Report - March 2010

How has classic motoring suffered in the Budget? Fuel duty - increases are now phased The 3p per litre fuel duty increase due this month has been changed - it will now be phased in three instalments - 1p in April 2010, 1p in October 2010 and 0.76p in January 2011, and then 1p in real terms each year in 1st April from 2011 to 2014. Commentators say "this provides small comfort with the current high fuel costs" at 120p/litre. A postponement of the 3p increase had been predicted in the press and on radio ahead of the Budget. More VED - no new changes The Budget announced no new changes, simply referring to the reforms to VED rates for cars first registered from 1st March 2001. VED rates VAT - no change Thankfully no increase. More Pothole funding towards repairing the roads Limited funding for winter damage repairs. More Where can I get further information? The Times - the Budget 2010 at a glance. More Budget 2010 - it was a holding operation after all Budget 2010 - Chancellor's speech in full. More Budget 2010 Report microsite on the HM Treasury website. More Budget 2010 documents with useful links. More Budget 2010 press notices. More Running comments on the Budget 2010. More BBC editors sum up the Budget. More Our previous reports on the Pre-Budget 2009, the Budget 2009, the PBR2008 and Budget 2008 with details of the planned VED rises Pre-Budget Report - December 2009. More Budget Report - April 2009. More Pre-Budget Report 2008 update. More Pre-Budget Report 2008 update. More Pre-Budget Report - November 2008. More VED reforms and rates. More Budget Report - March 2008. More

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