government to include a support package for the motor industry in
its pre-budget report released on November 24.
The body, which represents the interests of the automotive
industry in the UK, has urged the Chancellor to increase capital
allowances for fleet buyers, in order to stimulate demand within
the commercial vehicle sector, warning that falling registrations
in the car and van sector could have a “rippling effect” on the
economy.
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It also asked the Chancellor not to go ahead with the planned
increase in the vehicle excise duty and other alterations that
would penalise motorists and consequently car manufacturers.
SMMT’s head Paul Everitt said: “The industry is facing the
toughest conditions in a generation. Government should be acting to
stimulate the market and boost consumer confidence, not increasing
the cost of motoring in the current economic climate.”
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