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UK's emergency Budget 2010: how it affects motorists

Chancellor George Osborne will make the emergency spending cuts on Tuesday 22 June By Tim Pollard Motoring Issues 21 June 2010 09:51 The new UK Government's emergency Budget tomorrow is likely to announce a raft of spending cuts and tax rises bound to affect motorists.  The new Conservative-Liberal coalition government is taking the unusual step of holding an emergency summer Budget to reduce the national deficit, which stood at £156bn in 2009-10. The senior Cabinet members signed off the details of the Budget on Friday, but the details won't be confirmed until Tuesday 22 June 2010.Here's our preview of what to expect if you're a car owner:VAT riseMost pundits agree that the rate of value added tax will rise from today's 17.5%. If raised to 20% – the upper limit expected – it could raise an extra £11 billion a year for Government coffers.

David Brown Automotive Speedback revealed

All-new British sports car brand David Brown Automotive has revealed its first production GT car, the Speedback, prior to its world debut at the Top Marques Monaco event in April. The new Speedback is based on the Jaguar XKR and uses its supercharged 5.0-litre V8 motor to produce over 500hp. It’s been 18 months in development and has been engineered in Coventry – and will use hand-crafted bodywork produced in the automotive city, too.

May Sale For Regal Bentley

IT’S time to shake the piggy bank as a 1970 Bentley T1 once owned by His Grace the Duke of Devonshire is being offered for sale without reserve at Silverstone Auctions’ May Sale on Saturday 24th May. The car is being offered for sale due to lack of use by its current owner Leslie Bricusse, the English composer famous for writing a string of hits including the theme to James Bond’s Goldfinger, Sammy Davis Jnr’s What kind of fool am I, and Nina Simone’s Feeling Good. During the Duke’s ownership, notable passengers included Her Majesty The Queen, former Prime Minister Harold Macmillan, poet and writer Sir John Betjeman, and both Princess Alexandra and Princess Margaret.