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Budget 2010 "Securing The Recovery" was delivered by the Chancellor, the Rt Hon Alistair Darling MP, on 24th March 2010. Key announcements for road users included the following:-
- The Chancellor announced that the 1p-plus-inflation fuel duty increase set out in Budget 2009, calculated by the Treasury to total 2.76p per litre, would be introduced in three stages to reduce financial hardship, telling the House of Commons: "I have decided to stage next month’s increase in fuel duties. Instead of the planned increase, fuel duty will rise by a penny in April, less than inflation. This will be followed by a further one penny rise in October and the remainder in January.This staging will ease the pressure on businesses and family incomes at a time when other prices are increasing."
- The introduction of a first-year VED rate, described by some commentators as a "showroom tax" in all but name, also set out in Budget 2009, was not deferred.
- The Chancellor announed £100m to repair local roads and £285m to expand the motorway network through hard-shoulder running. He said "Roads are, of course, an essential part of our transport network.The bad weather of the last few months has taken a damaging toll on their condition.So I am providing £100m to pay for vital repairs to local roads throughout the country, and £285m to pay for improvements in the motorway network, including by expanding capacity by allowing hard shoulder running."
Click here to read the Chancellor's Budget Statement.
Click here to visit the Treasury Budget MicroSite.
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