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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.

Revival revels in sell-out crowds

A SELL-OUT crowd of 148,000 guests witnessed the 17th Goodwood Revival meeting last weekend, including an amazing celebration of the venue’s wartime role. The on-track highlights included the annual RAC TT Celebration race for early-1960s GT cars, which was won by the AC Cobra of Sauber Formula 1 test driver Giedo van der Garde and David Hart, after a thrilling battle against a £150million field that included Jaguar E-types, Aston Martin project cars and even a Bizzarini. Sir Jackie Stewart’s extraordinary career – which was catapulted into life at Goodwood in 1964 thanks to a maiden single-seater test – was marked with a 24-car parade that featured fellow motor racing legends John Surtees, Richard Attwood, Mark Webber and Arturo Merzario The 75th anniversary of RAF Westhampnett – Goodwood Aerodrome’s name during World War II – was marked with a display of 600 military vehicles and personnel, including a flypast that featured the world’s only two airworthy Lancaster bombers.

Jaguar and Land Rover’s Big Chinese Takeaway

[ad#ad-1] As we are only too well aware, car makers are having the most torrid of times. Massive drops in car sales in the UK (at least in new cars – UK used car sales are actually rising) means car makers’ cashflows are horrific. But it looks like there’s a white knight on the horizon for Tata’s Jaguar / Land Rover.