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Government To Call Time On Tax Disc

THE HUMBLE tax disc is set to become a thing of the past, with Chancellor George Osborne planning to shake up the way we tax our vehicles as part of his Autumn Statement announcement. After more than 90 years affixed to British motorists' cars, the tax disc is to be scrapped and replaced with a modern electronic system. For the first time motorists will also be able to pay for their vehicle excise duty (VED) by monthly direct debit, although this will cost an extra 5%.

GM sells Suzuki shares to raise emergency funds

By Tim Pollard Motor Industry 17 November 2008 15:24 GM is flogging its entire stake in Suzuki to pump cash into its survival funds. The General owns a 3% holding in Suzuki Motor Corporation and will sell 16,413,000 shares on the open market tomorrow. Based on today’s values, GM will raise an estimated £154 million through the sale, although Suzuki will exercise an option to buy back an equivalent number of its own shares in treasury stock.

London underpass to hold flood water

A PEDESTRIAN UNDERPASS is to be turned into an emergency pond to hold hundreds of thousands of litres of floodwater threatening homes and businesses in south London. The Purley Cross underpass will be used to hold water pumped from around 400 under-threat buildings in parts of Kenley and Purley and to stop a water treatment works which supplies tens of thousands of homes from flooding, Croydon Council said. The authority said the plan to use the underground footway to hold around 600,000 litres of water from tonight was approved after its "primary" pond at Purley Depot overflowed last night.