Positive growth forecasts means this is a much better Statement than expected.
“Thanks to economic growth forecasts higher than those predicted by most experts, this was a much better Autumn Statement than expected. While there is, of course, a reasonable chance that those figures will not be met, we remain cautiously optimistic. Generally, we are looking forward to a relatively stable economic picture over the next couple of years, which is good news for consumer confidence and therefore for the motor industry.
“There were some specific points of interest. The delay of the 3% diesel surcharge could have quite substantial implications for the fleet industry although, from our point of view, is unlikely to have an impact on values. More welcome news was that automotive industry funding from the Government will continue at its current level for a further five years and there was also a commitment to continue financial support for ULEVs.”
Rupert Pontin
