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UK's emergency Budget 2010: how it affects motorists
Mon, 21 Jun 2010Chancellor 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.
Caterham creates next car online
Wed, 05 Nov 2008By Ben Whitworth Motor Industry 05 November 2008 10:08 Caterham has turned to cyberspace to design its next model – the low-volume carmaker is calling on fans around the world to log onto a bespoke website to submit their ideas and designs for every aspect of the new Caterham, before ultimately voting on what makes it to the final vehicle. The website – www.splitwheel.com - will act as a forum, hosting blogs, articles and what Caterham calls ‘a Wikipedia-style user-edited knowledge base’ to turn user input into a workable vehicle design. A comprehensive voting system that covers all aspects of the car will then be initiated, and once the final specification is agreed a prototype will be produced with initial production slated for 2011.
McLaren P1 back at the Nurburgring in attack mode
Sat, 19 Oct 2013The McLaren P1 is back at the Nurburgring looking to set a new record It was brave of Ron Dennis to declare – before the McLaren P1 was anywhere close to finished – that the it would be able to lap the Nurburgring in under 7 minutes. He was obviously very confident his new baby was up to the task but, just like McLaren’s current Formula One car, the P1 seems to be just a bit off the pace. Last month we reported that it seemed the best the McLaren P1 could do at the Nurburgring was a 7:04s – a time McLaren didn’t make official – so we knew McLaren would be back with their laptops and engineers as soon as they’d figured a way to trim those last few seconds.