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The Spring Budget 2017 - What you need to know.

Chancellor Philip Hammond has given the Spring Budget of 2017 which saw quite a few changes and investments for the country.

Focusing on the infrastructure of the UK’s roads, the chancellor plans to supply a great investment towards helping the surfaces and road quality. His promises include £23million going to the streets of the midlands alone –also a £690million investment primarily for the plan against urban congestion.

Furthermore, the Chancellors care for the automotive industry was proven by his plan to use some of the £23billion science and innovation department investment to dive further into the research and development of driverless cars. Consequently, this has found to have mixed reviews due to this plan completely disregarding other issues within the vehicle industry.

The Chancellor also confirmed a continuation of the fuel freeze, since March 2011, where the price still remains at 57.95p per litre. This leaves the UK standing as the highest fuel duty country within the EU – around 21p above the average of the rest of the EU.

Finally, Philip made a final confirmation of the VED changes set to be changing in less than a month and there will be no differences in the VED bands before the changes take place. Here’s one final look at the new VED bands:

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Posted on 9th March 2017 at 9:34 AM

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