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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.
Hamilton clairifies Vettel comments
Tue, 08 Oct 2013LEWIS HAMILTON has been forced to clarify comments after suggesting Sebastian Vettel was boring Formula One fans. Hamilton voiced his frustration in the wake of Sunday's Korean Grand Prix as Vettel won his fourth successive race to stretch his championship lead over Fernando Alonso to 77 points. With Vettel now on the brink of his fourth consecutive world title ahead of this weekend's race in Japan, Hamilton likened the 26-year-old's domination to that of Michael Schumacher a decade ago.
A look at Toyota future products
Fri, 03 Aug 2012Toyota has slipped behind competitors in drivetrain technology and now must play catch-up against the likes of Ford, Hyundai and Mazda. Much of Toyota's lag stems from engineering resources being diverted by the unintended acceleration crisis and other quality miscues in the past two years. Now expect Toyota to focus more on turbocharging and direct injection, and it may even bring a couple of diesels to the United States as part of midcycle changes.