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2014 fuel duty rise cancelled

Chancellor George Osborne has confirmed in his Autumn Statement that the proposed 2014 fuel duty increase has been cancelled. This means the scheduled 2p increase in tax on every litre of petrol will now no longer happen. On Bing: see pictures of petrol prices Tax disc to be scrapped after 93 years This fuel duty increase was due to come into effect on 1 September 2014, but thanks to savings elsewhere in public finances the government has called it off.

Ferrari 599XX raises €1.4 million in Ferrari earthquake auction

The auction by Ferrari to raise funds for victims of the earthquake in the Emilia Romagna region has raised €1.8 million. The Ferrari auction to raise money for victims of the earthquake in the Emilia Romagna region in Italy only kicked off two weeks ago, but has already ended with a total of over €1.8 million raised. The vast majority of the funds raised came from the sale of the Ferrari 599XX which sold to an American buyer for €1.4 million – almost a bargain.

Tesla Model S EV UK launch – Tesla considering patent giveaway

Elon Musk (pictured) launches RHD Model S in UK The electric Tesla Model S – probably the only electric car that makes sense – has finally been launched in the UK in right hand drive, with the first five Model S customers taking delivery of their cars. With a starting price of £50,280 (after the £5k taxpayer bribe) the Model S represents a real first for EVs; the first EV that can do pretty much anything an ICE car can, and more beside. With a range of up to 312 miles, seating for up to seven (well, 5+2), low running costs, great performance (0-60mph in 4.2 seconds) low service costs, no VED, no congestion charge and, at least until 2015, no BIK for business users, it’s not only almost as practical as a comparable ICE car it’s massively cheaper to run.