Yesterday, Chancellor Jeremy Hunt released his 2023 Spring Budget, detailing his plan to tackle rising inflation. On the budget, Paul Hollick, chair of the Association of Fleet Professionals (AFP), said:
“For fleets, this was a Budget more noteworthy for what it didn’t include rather than what it did. We’d have liked to have seen measures announced ranging from the creation of an EV charging regulator through to national co-ordination on Clean Air Zones, as outlined in our recent tax and regulation manifesto.”
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
“However, there was little content that showed the Government has been thinking about business road transport.”
“The one bright point for fleets was the freeze in fuel duty. An increase in 11 pence per litre would’ve been extremely unwelcome at a point in time when the economy is struggling and removing that possibility is very much welcome.”
“Further positives are difficult to identify but a recognition that more people need to be encouraged back into the workforce, through pension changes and childcare measures, could potentially help to a degree in a fleet sector where recruitment remains an issue.”
Read More: 2023 budget reveals an ‘absence of measures’ for EVs – SMMT
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
