Insurance costs could climb next year although fuel duty will remain frozen, it was confirmed in this afternoon’s Autumn Statement. Chancellor of the Exchequer Philip Hammond announced that insurance premium tax will increase from 10% to 12% in June 2017. He said: “Insurance premium tax in this country is lower than in many other European countries, and half the rate of VAT. “In order to raise revenue, which is required to fund spending commitments I am making today, it will […]
Motor Transport has joined the RHA and the CILT in calling on chancellor George Osborne to set aside £100m to fund the urgent recruitment and training of up to 45,000 new HGV drivers in his Autumn Statement on 3 December.
Goods-in-transit insurance could become more difficult, more restrictive and more expensive for cross-Channel operators in light of the increasing problem of loads being spoiled by stowaways, a loss adjuster has warned.
Fuel duty is set to be increased next year and will climb each year after that in line with inflation.