The Chancellor points out that the ongoing Fuel Duty freeze has cost the Exchequer £46 billion since 2010. This is one of the Government’s biggest ever gifts to motorists. #Budget2017
Hammond really does want to build. He's announced a new £1.7 billion "Transforming Cities Fund" for transport infrastructure in cities around the country. #Budget2017
The Chancellor's full package for electric vehicles: £400m for charging infrastructure, £100m for the Plug-in Car Grant, and £40m for charging R&D. #Budget2017
From April 2018, pre-Euro 6 diesels will face higher first-year VED rates. Hammond is also raising the diesel supplement for CCT by 1 percentage point. #Budget2017
Our future vehicles will be driverless, but they will be electric first," says Hammond before announcing a series of policies to encourage EVs, including a £400 million fund for the charging network. #Budget2017
Productivity is one of Hammond's central concerns. He announces an expansion of his National Productivity Investment Fund (NPIF), which has already funded some motoring-related schemes. #Budget2017
Hammond is forecast to meet his fiscal targets, but the Government will still be borrowing £25.6 billion in 2022-23. The deficit will fall from 2.4% of GDP this year to 1.1% in 2022-23 #Budget2017