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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.

Police get tough with Ariel Atom supercar

ANYONE with a taste for speed might fear the sight of flashing blue lights in their mirrors, but nothing could be more frightening than this! British supercar maker Ariel has created this police-specification version of its new Atom 3.5 in order to support the Avon and Somerset Constabulary’s Safer Rider campaign. The Atom PL1 has the same 350bhp supercharged 2.0-litre Honda engine, sequential gearbox and spectacular performance as the regular car – with a 0-60mph time of 2.5 seconds it can match most superbikes – but with the addition of Avon and Somerset Constabulary livery, aerodynamic pursuit lights and safety equipment.

Saab says asset sale to BAIC gives it cash for a fresh start

Saab believes that a deal to sell some key assets to Beijing Automotive Industry Holdings Co. will help secure the money-losing automaker's future. "The money will finance the new Saab and contribute to a good start under new ownership," Saab spokeswoman Gunilla Gustavs said without revealing financial details of the deal.