Budget 2014 – what it means for the motorist

Chancellor George Osborne today addressed parliament with his 2014 Budget statement. There was plenty in there to talk about, but what we were desperate to find out was how Osborne’s financial plan for the next 12 months was going to help the average motorist in the UK. Here, we’ve got everything you need to know about the 2014 Budget when it comes to cars. From the fuel duty freeze to Vehicle Excise Duty road tax reforms, company car tax to classic car tax, this is what Budget 2014 means for drivers in Britain.

Hyundai ix20

Hyundai has revealed the first images of its new ix20, a new B-segment MPV that will join the Korean automaker's product range in Europe later this year. Following on from the ix35, the ix20 is the second European car to adopt Hyundai's new 'fluidic sculpture' design language.  The new car, which will make its official debut at the Paris motor show, has been designed and developed at Hyundai's European R&D center in Rüsselsheim, Germany, under the direction of Thomas Buerkle. The car's name is said to reflect the new model's crossover-like versatility, which combines functionality with sportier driving dynamics.  Hyundai claims the ix20 aims to steer away from the boxy minivan image typically associated with the segment and appeal to buyers with young families.

McLaren reportedly at work on its next big thing

While we're getting ready for the soon-to-be-released McLaren MP4-12C, the British sports-car maker is at work on its next project. McLaren is aiming for a 2014 launch for a sports car that is larger than the MP4-12C, according to the Web site of the U.K.'s Autocar magazine. The magazine says McLaren is working with engineering firm Ricardo to develop a 5.0-liter engine that cranks out nearly 800 hp.