The start point for the best source of fleet information |
BUDGET '07: Brown sets tough green measures
Date: 22 March 2007
The biggest news in Chancellor Gordon Brown's 11th and final Budget speech was left until the very end, a healthy 2% reduction in the basic income tax. However, green issues and, more importantly, reducing the UK's carbon footprint were an underlying theme.
The headline was reducing emissions from today's average of 167g/km to an astonishing 100g/km in the "medium term". Quite how this will be achieved wasn't clear but biofuel has been confirmed to play a large part. By 2010, Brown tells us 5% of all fuel will be plant-derived, while the aim to reach 10% by 2020. To assist, the the 20ppl duty rebate for biofuel will remain.
Regular fuel duty, on the other hand, rises 2p for 2008 and a further 1.8p for 2009.
Road tax for the highest-polluting vehicles jumps to £300, and to £400 from April next year, while the least-polluting vehicles have their duty cut to £35.
Refreshingly, it wasn't just cars that were blamed for rising CO2 emissions with the Chancellor stating that a quarter of emissions were created by homes.
