@@JamesLWilliams-k9x charging bays. If they have enough or queue. Or extend beyond 2030, scrap it but pay the hyperinflated ved based on their pipe dream.
Used EVs are now really affordable. EG., You can buy a used low mileage Kia Sould EV with 250 miles of range for around £14k. You can buy a used Tesla Model 3 for under £20k. You can buy a new MG EV for under £25k.
My present car's first year tax was paid by the dealer.After agreeing the sale price he mentioned the luxury tax on the MRSP. There went the discount which will pay the 5 years of that tax, O lucky me 🤣
@@SmartMart1658 ICE vehicles are now obsolete? not so if you live in Germany. VW is looking to close two EV facilities, whilst Audi confirms the closing of their factory in Brussels next February, and Mercedes are having problems as well. All because sales of EVs have dropped significantly.
This is getting to a point where working is not going to be worth the hassle. I use my car only to get to work and ocassionaly go shopping. (I order groceries online) This will push people to quit their jobs and get on benefits
I doubt their will be a benefit system left. The way the governments are going, you'll be hard pressed to live a life on benefits. You'll just work until you're 95 and drop. That's if you're lucky.
I understand they are doing all they can to get people off benefits and into work , Wonder what sort of job someone who is allergic to work and hates work will do ? and who will take them on ?
@@nrw34260 I wonder if they'll sting us eventually? My only car is 1968 and I rarely drive but already my car ins has over doubled as I don't have use of a 2nd car! Mad really. I work 2 mile from home, so 2nd car is pointless.
Biggest increase in taxes ever, Biggest increase in borrowing ever, Biggest increase in spending ever, No growth, no increase in GDP, broken promises, a failed budget 🥀 labour
not a fan of the torys then cos other than the increased spending on thing like nhs and other good stuff thats what the torys have done for last 14 years .........
It's Labour its what they do always have, always will. If you vote Labour you get a communist government its just now they are in designer suits instead of flat caps Fact!
Personally, I hate the tory ***** because they think NO pleb (for clarity, that means anyone who isn't a tory party member) should be owning and driving a motor carriage. Labour are at least a bit more honest about it, ie no one ESPECIALLY tories should be driving but if you insist on doing so, they'll make it expensive. I'm no tory but I can within reason afford to keep driving....it ain't cheap but I can still afford the £735 a year tax on our main car. If you lot can't find a way to afford it, we'll.....
yeah because people have been spoiled to think its ok to burn petrol to go to the local newsagents to buy a pack of cigarettes. Its a luxury thats taken its toll and now things are being put back in to perspective.
You'll be pleased to hear they've budgeted half a billion to fix the roads after the Conservative government left them to rot. But the budget's just come out, so give it some time, they've not got a magic wand 👍
The Second hand market prices are going to get even more ridiculous because many people won't be able to pay this extra tax on top of all the other taxes paid on a new car. This will also kill off the automotive industry in this country. They are really pushing us off the roads unless you can afford one of those milk floats.
Have people noticed they are making the paths wider for mass walking and cameras on top of lamp posts that track people, cars and bicycles. It comes under the ideology of c40 cities. It’s very concerning. Anything co2 based is being hammered at us. From food (farming) , transport, boilers etc. we are being run by tyrants now. Trying to censor speech as well.
Note that ministers get driven around in London in Discoveries and Range Rovers (armoured ones I expect) but they are exempted from these taxes! High time that they walked, cycled or used EVs to go the less than a mile from Downing St to Westminster or to their departmental HQ’s in Whitehall. On the brighter side it might increase the value of used petrol and diesel 4x4’s if they don’t have to pay this new car tax!
They will claim they don’t make any money off of car insurance but it’s odd how they pushed up the premiums and they then record profits. There are plenty of ways to represent costs and profits. Easy to attribute all the costs of the business to the motor side and “make no profit” while the other areas make profit but pay no costs.
My renewal for paying 450 annual they want £1150 20yrs no claims it all means nothing they know you need it so they hold you hostage if you want to drive pay if not lose it
I'm seeing a lot of people saying about an increase in their car insurance, however mine went down £100 this year on one car and a tenner on the other 🤷. I drive older non ECU control vehicles and I'm mechanically skilled ( self taught) . Seems like folk are going to have to learn to spanner on older cars if you want to save money.
Especially for a new driver, no joke we were getting insurance quotes of £3,000 for a year on insurance group 1 cars , and that is with it being on a driveway, third party only and in a low car crime area. Complete scam.
@@adblocker276 Are you an idiot? Can't you read her Google profile- she is an Oxford trained economist who worked in the Bank of England. perhaps you hate her becase she is a woman?
Well, the original commentator isn't occupying the second most prominent office of state is she? (Presiding over the public finances with no economics or accountancy qualifications). What relevance are the commentator's qualifications to her comnent?
When petrol prices started shooting up in 2021 and 2022 from 1.30 towards TWO POUNDS I was shocked when supermarkets increased their prices by 50 to 100pc. The price of petrol has come back down towards 1.40 but curiously nothing in my shopping trolley has decreased in price.
How to kill off car manufacturers- evidenced by VW and others. I can afford a new car but I refuse to pay these levels of car tax. In addition I will never buy an EV at the ridiculous forecourt prices. Second hand ICE prices will become stronger along with many thousands who will not pay car tax breaking the law. It is all just an excuse to tax more.
What these idiots in government fail to see is if they kill off the car industry, it's associated trades will also be in jeopardy it will mean thousands of more unemployed and they state they want to get people back into work, because "work pays" we're all fooked as far as I can see, under Starmers Liebour
what I can't grasp is where is all the electric going to be generated for all the charging of these EV's and then when they want everyone on heatpumps to run them also.....I read an artical which said the carbon footprint for producing the batteries for EV's was bigger than the use of petrol/diesel vehicles on UK roads.....
@@ronmullard5718 All this government spin is a nonsense in the extreme. It will destroy jobs and manufacturing. Heat pumps and EV’s nobody wants or can’t afford. A flawed ideology that will distort and cost the wider economic dearly.
@@redpill4431 it's not global, it's just the Europe that decided to go into full retard mode. We are so obsessed with climate that we can't see how everything is slowly being taken away from us.
Good new: they've budgeted half a billion to fix the potholes, left from the previous government. But it'll take time to fix them, the budget only just came out.
“ We contend that for a nation to try and tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle” A speech by Winston Churchill 1904
The Labour Government are talking 2029 and beyond? If they are as unpopular as we are led to believe? They may well be a one term Government? Being that we have now gone from the cost of Living crisis under the Tories, to the cost of Tax CRISIS under Labour.
@fredflintstone1 I agree, you would have thought that after 2010, that would have been a lesson in it's self. This Labour Government is most Dangerous because there is No Opposition, there aren't the numbers to oppose them, again thanks to the voters. All Labour wants is Control over us all, while the Labour MPS get richer with a big grin on there faces, everyone else gets poorer.
Nah, goverments normally go in 13 to 14 year cycles. Doe's not matter who you vote for, they are just the puppets. The real people incharge are far more dangerous than our inept MP's.
@@fredflintstone1 Well i can tell you i voted labour in the last election and i will not be voting for them next time. I didn’t actually expect them to do a good job if I’m honest, I just wanted the conservatives out and I didn’t think Reform were a particularly realistic option, but my days have Labour made me regret it. I’m voting Reform next time. I have no idea if they would do a better job even if they did somehow get elected, but damn im ready for someone different rather than one of the same 2 groups of idiots.
Thank you for your helpful summary. This budget is a Class War Labour Budget that will finally kill off the UK as a globally relevant country and economy! This Labour Government gained power off the back of an infighting Tory Party who had gotten on the nose of voters. However the Labour Party came to power on just a 30% voter turn out and only just more than half of those voters - & - above all it is becoming blindingly clear that it simply said 'anything' to you and me to make us 'feel' that somehow it would be better with Labour! What a lie!!! In 44 years of voting and observing the vote and performance of Labour/Labor/Left Leaning Governments around the world, I have NEVER found such a government who had any concept that - in order to have lots of 'lefty' freebies ... 'life long social welfare from cradle to grave' for those who simply realise early on that "WORK" is a dirty word and "WORKING" is for the idiots who somehow think that it is important to do and do well for the benefit of everyone - it is necessary for everyone to make and create stuff that people want (preferably in another country) and to be able to trsde that stuff that is made/created so as to have more people wanting it and buying it than what we want and buy from them. It's also fundamental that if we spend more than were make/create - we'll go out backwards snd find ourselves and our families on the streets in the cold and dark. ...... unless of course we support and/or become a part of a Left Learning political machine - such that we legalise THEFT by those who simply consider themselves ENTITLED to a comfortable life style without "WORKING", from those dwindling idiots in this country who still believe some how that "WORK" and "WORKING" is not only an important part of LIFE and self worth, but is our duty - in order to survive and grow as a society! Regrettably this lying cheating bunch of Labour politicians have been given such a WHOPPING GREAT MAJORITY that we will now be stuck with them destroying the final remnants of this once great United Kingdom. "May the last person to leave, kindly turn the lights out!"
I don't see the point of buying new just to lose thousands as soon as you drive off the forecourt. I bought a 10yr old car last year and it'll do me until I pop my clogs (I'm 70 next year).
@@ahogQ That's another reason I wouldn't have one. Plus all the tracking electronics that are built into them. A friend in the US told me once how a mate of his bought a new Dodge pickup truck (they do seem to like those over there) and decided to see what it could do, so he went out at 3am or some such time, on a dead straight totally deserted road and floored it. I'm told he had it up to 140mph, which would have scared me rigid whatever the conditions, but there you go. A few days later he had a letter through the mail from Dodge, telling him his warranty was now invalid, due to his reckless driving. HOW DID THEY KNOW..? It must have been some sneaky technology in the car. Now I'm not condoning driving at that sort of speed away from a track, but it does go to show how technology is increasingly being used to spy on us.
@@ahogQstick to pre 2017 and you'll get cheap VED and no lane assist or AEB. £35 a year tax for me and 50mpg+ why would I get a new car? Over £200 a year worse off before even factoring the car payment.
Problem with getting drivers to go down the EV route is they, the government, will be missing out on the exorbitant petrol/diesel vehicle tax so will have to then hit the EV drivers. I believe it was the last government that mentioned that a few years back.
It's like smoking, they want people to stop smoking so they put the tax on cigarettes up, what will they do when nobody smokes and all that revenue disappears..? Or worse, the cost to the NHS when people switch to buying dodgy counterfeit ciggies with rat poison and god knows what in them..?
Electricity is already taxed at 5% (unless you produce your own). It's only aviation fuel that isn't taxed (go figure). Even electricity for trains is taxed, I think it's at 20%. But if our electricity prices weren't set by the cost of gas generation then it'd be dramatically cheaper. My folks are on Octopus, they say something it's even free!
If the amount of EV Vehicles currently used on UK Roads doubles in the next 36 months and the amount of EV Large Commercials increased by 45% over the same period then the National Grid has already stated that it will be unable to cope. All the planned new 'Renwable Generation' forecast for the next 5 years will not be enough to supply 3 Ton plus Commercial EV currently on UK Roads. Reality verses Cult Ideology.
@@DefinitelyNotAGuru But he has already been indoctrinated with the Nonsense. Go steady independent facts about ''Electricity Generation v Consumption'' and without Levies then Renewables are unsustainable. UK already has the most expensive Electricity in the World and its only getting more expensive, due to Renewables those are the facts.
@@DefinitelyNotAGuruYou can't get more progressive than the Netherlands when it comes to new technology and investment in renewable energy but they are currently struggling with demand.
Those increases for ICE vehicles are brutal. Especially at the more affordable end of the market as those will largely be bought by people on more modest incomes. Someone buying a V8 Range Rover will hardly feel a doubling of VED on a vehicle already costing over £100k, so my sympathy does not lie with them. But, a doubling of VED on a super mini? Harsh.
Why do you not feel any sympathy for the owner of a Range Rover. Who makes them?? Normal people like you and I. Who supplies Range Rover parts? Small businesses in this country. If 10% less people buy them, guess what happens to the workers, the suppliers, the cleaners?? We really need to stop this race to the bottom.
@@Olafisoyem fair points. However, I simply meant that a jump in VED that represents 2% or less of the purchase price of the vehicle for someone in the market for a £100k plus car is hardly likely to affect their purchase decision. That's less than the cost of many of the option packs on Range Rover. Whereas, even a couple of hundred quid more tax for someone in the market for a £20k supermini may well give them cause to delay their purchase, look to the second hand market etc etc.
Bit click baity Jim, it's only when you first purchase the vehicle. Which dealers put into the purchase price which the customer very rarely pays for all of it anyway. So calm yourself, now if it was from second year then you might panic.
If they are going to make it financially unviable to have anything bar an electric vehicle, they have to make provision for the many people who don’t have a driveway for home charging. As usual, it’s the low earners who are being stung.
@@saxon-mt5by This is where the government and local councils will have to work together to supply on street chargers, or pavement gullies to allow charging cables etc. to be used. Also work place chargers should be required in all car parks.
all car parks need to be mandated to install 220v outlets on each parking spot. When I lived in Edmonton in Canada in the seventies this was common for car heaters in the winter so can be done.
Exactly the point I was making, instead of investing in public charging, do something to help more charge at home where it’s dirt cheap and mega convenient
If wanting to stick with ICE, and wanting to buy not lease, then all the more reason to not buy brand new, and to buy cars that are already 1 year old.
I bought a 10yr old car last year. 31,500 miles on it from new (genuine with documents to prove it). Not a speck of rust and runs like a dream. Why would I want to buy new..?
EV’s a very good idea but they're expensive, and the charging infrastructure in the rural parts of the land is pretty much non-existent. Notwithstanding the fact that public charge points are a rip off, that's if you can find one and if it's actually working. or there isn't a massive queue to get on it.
It depends where you live. I live in a rural part of Scotland but every little village has at least one charger and my small town (pop 9000) has 16 chargers. In over 5 years owning EV's I've never had to queue. Where have you had issues charging?
Charging, taxing and fining car drivers has always been a great money maker as most of us need one to live. Had the car not been invented, then there would just be similar costs depending on the size of your horse or Oxen 🐂
There is no doubt some fuel retailers protect their margins but I think we need to keep a sense of proportion. Fuel duty and VAT are the biggest contributors to the cost of a litre of fuel. The tax costs make anything the retailers do look irrelevant.
I kind of get what the government is trying to do with regards to the EV Infrastructure....but there are issues here, big ones....EV sales are plummeting, The Power Grid nationally is simply not up to the requirements that would be expected of it .....assuming we all suddenly purchased EV's, and has anyone considered what's going to happen to the Millions of Dud Car Batteries which apparently cannot be recycled!
Well! you're pretty much wrong on just about everything you've written there. May I suggest that you do some research, that doesn't include some bloke from down the pub. Or some ones brothers mate said.
@@jsanders100 With how much government are pushing them you would be surprised if they weren’t, although separating out private from fleet would be interesting to see. Although I have to laugh because everyone seems to forget we have seen this exact same kind of thing before and after about 20 years it turned out to have been a terrible idea. Can’t wait to see the EV scandal in 20 years.
Tax is always an emotive issue. It was clear that the previous government underfunded just about everything. Some catch-up was needed. My biggest gripe is the ease with which the ultra wealthy seem to have numerous legal ways of avoiding tax on income and wealth, whilst the rest of us, especially PAYE have to accept it.
Over the course of recent history in most parts of the world you will see that whenever significant economies have grown it has been largely due to stimulous rather than an increase in taxation. If people have more money in their pocket they will generally spend it, creating jobs, genrating more tax revenue than simply taking it from them at source.
I think you miss the fact that we should be supporting the economy and not stifle it. Basically the budget has no new ideas and it is the continuation of the status quo
Saw this little scam today at a shell garage...billboard says 142p a litre for diesel. Pump small print says 168p a litre. Who the hell checks before using it, so Watchout!
Well I was considering selling my car and getting a horse and cart, now I’m undecided especially after it was considered a pay per mile or cycle tax for using a bicycle by this government to pay for potholes, but now I’ve heard that a pedestrian tax is being considered of pay per mile by this government using facial recognition cameras.
Can you imagine paying over £400 to tax a Dacia Sandero? Bottom end of the market is finishing and people will have to make do and mend. I have a pre 2017 car so low tax and it's going nowhere any time soon.
Cheers Jim firstly congratulations on 54k subscribers as for the budget same as usual screw the cash cow motorists as for the fuel cost ideas all that would happen is that petrol retailers would just threaten to put the tax free price of fuel then the idea would be quietly dropped should ask the supermarkets why branches within 6 mile can vary between £1.29 and £1.43 per litre !!!
I'm not so sure the fuel retailers are that much to blame for price fluctuations. .. I was told that the fuel station owner/retailer buys the fuel weeks in advance at spot price or whatever the price is at that time (including wholesale margin).. .. So if the price drops in the following weeks the retailer is stuck paying the "agreed" price... .. Margins on fuel are 1p/ L hardly raking it in.....
It's about WEF wanting us to not own a car and rely on their public transport, where they control where you go and when you go. Making it too expensive to buy a new car eventually the used market reduces and the poor can't afford independent transport.
TOTALLY CORRECT.WE EVEN GOT BLAIR ON THE BANDWAGON NOW ADVISING OUR GOV TO TO BRING IN PAY PER MILE BLAIR WANTS TO KEEP HIS NOSE OUT OF OU GOV,HE TRIED ONCE AND FAILED ,NOW HES TRYING TO WORM HIS WAY BACK IN ,HE IS ANOTHER WEF SUPPORTER,SO WHY DOESNT HE GO LIVE IN DAVOS WITH UNCLE SWAB
I wouldn't mind paying higher tax if things worked but nothing does nowadays. You can't drive anywhere without delays due to roadworks that nobody seems to be working on. Roads are in bad condition, healthcare is a shambles...
Remember that over the last few years low emmision cars have paid less tax to encourage their purchase, but they still use the roads which desperately need maintenance, which costs!
That is a good thing to many of these things on the road driven by fat birds wearing sunglasses on there heads to run the sprogs to and from school which is probably only about 300 metres down the road
I have a 2016 BMW 330e hybrid that currently costs me zero VED. The changes seem to apply to cars that were built from 2017. I was thinking of leasing an EV and selling my BMW but I can't seem to find the info about when I might pay VED on my BMW and how much ... anyone know ? Also, If the VED is going up, is it a good idea to lock in a 3 or 4 year Lease now ?
Morning Jim, you may be ‘just a TH-camr’ but you talk a lot of sense! I am totally disillusioned at the moment so did not follow the budget news, so thank you for explaining it for vehicles. My son in law was thinking of a company car salary sacrifice and this may change his mind. I empathise re the cold as hopefully towards the end of mine post flu jab!
Last year my small 14 plate Fiat Fiorino van was £285 while the renewal of the road tax I payed this morning was £335. My insurance was only £155 for goodness sake. Daylight robbery......
We are heading back to the Middle Ages. The UN's sustainable goals clearly state that car usage will be limited in the future. Those who can afford car travel and emergency services will be the only people on the roads. Car ownership 40 yrs time will be a thing of the past. You'll be using public transport and live a sustainable life with limited resources, just like the surfs in the Middle Ages with a technocratic and authoritarian overlay. Future generations will know no different, and the car will be a thing of the past, sort of. Good Luck!
Jim, appreciate what you're saying about a company car being a 'tool' for some professions, but a company car will only attract income tax when they're also made available for personal use.
All they need to do is make it lower for those doing X amount or % of business mileage as it used to be, therefore only punishing those who have on purely as a perk - but of course that didn't generate enough tax.
Regarding trad fuel prices; you don’t want to control the tiny margins the retailers charge you want to consider the far more significant price the oil and gas industry charge. Remember their cost of extraction and refining is barely changing yet “market forces” allow them to charge more for the same thing, ie direct profit added to their bottom line, that’s why it’s import to wean ourselves off foreign oil and onto local produced renewables (heck or even grow your own).
@@DefinitelyNotAGuru life’s too short! And there are many better countries out there. Unfortunately the uk has peaked and it’s just not worth being here anymore
Can you please clarify your understanding of the changes in the budget? Section 5.86 of the budget, states that the first year VED for many non EV vehicles will double in 2025-2026. DVLA document V149 (Rates of Vehicle Tax) currently states that the first year VED for (example), a vehicle producing say 159g/km is £680, which is already 358% higher than the standard £190 rate. Does it mean that from 2025, that cost will be £1,360 (double £680)?
@DefinitelyNotAGuru That's mental pricing! I have only just got my head around the existing VED pricing of a new car (first year and expensive car tax). That's it, I'm sticking with my low milage diesel, don't do enough miles to warrant an EV or PHEV, and most HEV and MHEV do not provide enough benefits for the capital cost. My low annual mileage and extending the life an existing vehicle is my contribution towards net zero 😉.
A bigger problem is the changes to employers' national insurance. This really will stifle growth. Many firms will be less likely to take on more employees in the UK. Smaller firms could downsize, or go out of business altogether. The increase (welcome) in minimum wage will put pressure on some firms but I think most companies could cope with that, this NI burden is going to harm the economy.
i bought my wife at the end of 2017 a preregistered 1.6 diesel car (registered end of april 2017) which at the time qualified for free road tax and still does, now i am left wondering what this will cost me next year or will it still be free? parking it in our cpz is already expensive!
6:03 £200 million to beef up the charging network? You mean £195 million on outsourcing surveys, plans and other admin to their friends companies and the remaining £5 million on installing more chargers at council sites where they are very little use to anyone
The people buying luxury cars won't blink, but the rest of us suffer, more proof that Labour hate the working man and love the rich, as after all most of them are millionaires.
Thank goodness they didn't increase Insurance Premium Tax (IPT). Sadly, motorists are and always will be an easy target when it comes to taxation (e.g. New car tax, fuel duty, IPT, car tax, VAT on parts, etc). Get well soon Jim & have a good weekend 👍
It’s just become politics based on envy. Stop people that have worked hard driving expensive cars, stop them sending their children to a better school etc etc.
If you can drive expensive cars and send kids to private schools. These tax changes really aren’t going to hurt you… The U.K. public infrastructure needs investment, look at tax across the world its going up, people want better public services guess what we all have to pay for it.
@@craighuddy5351 Many middle income families will be forced to take their kids out of private education which only adds more pressures on state schools. Chucking more money at something doesn't necessarily equal improvements. The NHS is haemorrhaging money. Filling up the leaky bucket won't fix it. It needs root and branch reform.
@ not many middle income families are sending kids to private school people on 60k ish aren’t spending an average of 16000 on private schools a year… Well under investment and the private sector didn’t seem to work to well, so why not try a bit more investment.
@@craighuddy5351 many private schools will close, certainly the one I work in - the second biggest employer in my area. Somehow the local schools will have to accommodate another 300 pupils, 200 people will lose their jobs - 90% of which lived locally and spent their money in the community. On top of those jobs will be the fall in income for many local businesses- groundsmen, plumbers , builders etc. This will happen up and down the country and all those employees and businesses pay tax.
In the Netherlands the Electricity Grid around the cities is unable to cope with the increasing charging of EVs and the switch from using fossil fuels for heating and cooking. In a recent announcement in Rotterdam people have been asked to minimise their use of electricity between 16:00 and 21:00 as the system is at breaking point. Is it really sensible for a government to encourage people into EVs before they have updated and increased the capacity of the National Grid? Governments seem to always be playing catch up by putting the cart before the horse.
Plenty of investment waiting to happen but delayed planners. I can’t see it being a huge issue at the current rate of EV uptake to be fair; it’s also one of those subjects where fake news routinely appears - probably due to the oil company lobbyists getting it out there (there are hundreds of those operating in the uk).
Fewer people owning new Ranger Rovers fills me with so much joy it's hard to explain. Hard on farmers, not so much for the folks using them to drive their kids to school each morning. Appreciate the update. Really interesting
@@Caneandunable I think there will be a bit of a delay on that - especially given that they don't exist yet. Gives councils a bit more time to put restrictions for cars in place near a lot more schools (School Streets)... possibly even Paris-style weight/size limits for urban centres?
@@Caneandunable It's a big problem for all of us! I think Ford are rumoured to be working on an electric Fiesta... but yeah, the margins are too small so the big manufacturers are going big. Quite depressing
Earlier this year, the Financial Conduct Authority (FCA) started investigating whether some car finance customers were charged too much through a Discretionary Commission Agreement (DCA)...As a part of that investigation, three consumers have argued that the car dealers, acting as brokers, failed to disclose commission payments and that this affected the impartiality of the finance advice they gave. The Court of Appeal reviewed three cases and ruled in favour of the consumers who claimed they were mis-sold car finance, saying that “a broker could not lawfully receive a commission from a lender without obtaining the customer’s fully informed consent to the payment”. The ruling emphasised that car dealers acting as credit brokers have a “fiduciary duty” - which means they have the legal responsibility to act solely in the best interest of another party - and to disclose any commissions received to their customers. This is a big ruling, and the Court of Appeal’s decision could set a new legal standard for disclosure, with finance agreements requiring more transparency around commissions from here on out.
Yes, I made a video about it - problem with the FCA is their record on taking actual action and punishing offenders. They usually go for the low hanging fruit in my experience whilst avoiding any big messy cans of worms.
Are the changes you are talking about only for new cars in the first year? I think I am being a bit slow today. One thing that confuses me as well about VED, is that there are some ICE cars that have zero VED and I have not seen any reports of that changing but EV's are going to start paying next year. Have I missed something here?
@Hell-Hound1 I think it's more about vehicles before 2017. As 2001-2017 was when some cars paid £0 ved. This will change in 2025 they will the pay £10. And so will EV's. So only historical vehicles will pay Zero road tax. Cars after 2017 pay a flat rate of £190 unless they are over £40k then they pay £300 odd more on top. After 2017 a 1.0 fiesta pays the same as a V8 mustang. Before it would have been £0 vs £725
They have inherited a bag of shyte from the Torys to be fair. Schools falling down, hospitals falling down, the Liz Truss economy damage....the list goes on and on. Decades of underinvestment and kicking the problems down the road.
Our tax in April of this year was £385 for an elderly Sharan diesel. Fortunately we bought an EV (second hand) two days ago. Climate change can’t be ignored unfortunately
This country only contributes 1%to the world's pollution so rushing out to buy a EV is not going to make the slightest difference to the climate.... Until you plug it into the grid then loads of pollution from the power station
@@kevinwestk7958no half of the generation is fossil free. 100% of oil is fossil juice, and after extracting it, spilling it, evaporating it, transporting it (in fossil fuelled ships and tankers) then burning it.. which do you think is more environmentally friendly?
From 1 April 2025, drivers of electric and low emission cars, vans and motorcycles will need to pay vehicle tax in the same way as drivers of petrol and diesel vehicles. This change will apply to both new and existing vehicles. That’s from DVLA Goverment site.
Remember reading that a trabant in the old eastern europe was £000's on the black market because that's all there was. I've no crystal ball but park that 10 year old Aygo in a garage it might be your pension.
To be honest, Im not too worried about the tax on Range Rovers. In my opinion, there are only 2 types of people who buy Range Rovers, the ones who can afford them and the ones who think they can afford them. Big difference between both. And lets not start talking about the ones who can't even drive them let alone parking them 😂
I thought the working people would not see any change to their payslip or tax, company car drivers certainly will, maybe they fall outside of the working person defenition. The premium tax applying to EVs is perverse, very few are below £40k, so this will discourage uptake. Some will think this a good thing.
The UK should have invested in their own EV vehicle. Doesn't need to have a huge travel range or tons of options/variants. Just a fairly basic, reliable, cost effective runaround. The reduced CO2 footprint of not having to ship vehicles from the other side of the world would be significant. Massive business and employment opportunity...missed.
Get the drivers off the road but don't improve public transport....i think people will be giving up work and claiming benefits instead... also this will put cost up of everything, people won't be able to spendbecause they will have no money left
✅𝗕𝗲𝗰𝗼𝗺𝗲 𝗮 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗠𝗲𝗺𝗯𝗲𝗿 : tinyurl.com/dnagjim
📱 𝗦𝗼𝗰𝗶𝗮𝗹 𝗠𝗲𝗱𝗶𝗮 : linktr.ee/dnag
Remember Davo’s and the “ you will own nothing and be happy “ line ? This budget did a lot to support that idea
Labour didn't vote themselves in !
@ very true but I think the bigger issue is the number of people who didn’t vote at all
👌
@@JamesLWilliams-k9x
Doesnt matter, national.politics means nothing now.
Global politics and things like agenda 2030, are more important to follow.
@BillyTheKid-l5j you don't say
Pure greed and persecution of petrol car drivers.
hmmm
@@joe9042 persecution??? Lmaooooo
Have you heard of something called climate change?
5 years from now 3 times mayor of London Sadiq Khan will be your new PM, its already happening
@HUMPERS42 They choose to believe its made up so they don't have to do anything different.
That's Jaguar Landrover shutdown then.
@@tomrobinson8384 It’s why Jaguar will only make EVs now
@@Thetyrerepairerbut when all cars are EV then the government will tax them just the same rates
Shouldn't have made shit unreliable easily stolen cars?
@@Thetyrerepairer Because they cannot make a reliable ICE anymore
Good! Why the hell an average person drives such a ridiculous vehicle in an urban environment is beyond me.
Even when in 2030 if most people go electric they will still need the taxes to cover what they are losing on fossil fuel cars
@@davidclarke7728
How is someone living in a inner city congested
"park if you can street"
going to charge a EV outside their house ?
@@davidellis8141They can make money if they compete with China
This is how they'll impose their reset. They have to destroy it all first.
@@JamesLWilliams-k9x charging bays. If they have enough or queue. Or extend beyond 2030, scrap it but pay the hyperinflated ved based on their pipe dream.
@BillyTheKid-l5j they don't. How does someone on the top floor of a multi story flat charge at home?
It's the fact every single EV with a decent range is classed as a luxury car. Rip Off Britain.
Yep
Used EVs are now really affordable. EG., You can buy a used low mileage Kia Sould EV with 250 miles of range for around £14k. You can buy a used Tesla Model 3 for under £20k. You can buy a new MG EV for under £25k.
Look at what they are saving on road tax you can’t have it always
'How to kill new car sales'...
a la Liebour
👍
My present car's first year tax was paid by the dealer.After agreeing the sale price he mentioned the luxury tax on the MRSP. There went the discount which will pay the 5 years of that tax, O lucky me 🤣
Great news for EV buyers. ICE vehicles are now obsolete and you would have to be mad to buy a new one today. EVs are better in every way anyway.
@@SmartMart1658
ICE vehicles are now obsolete? not so if you live in Germany. VW is looking to close two EV facilities, whilst Audi confirms the closing of their factory in Brussels next February, and Mercedes are having problems as well. All because sales of EVs have dropped significantly.
@@trytellingthetruth.2068, are cheaper Chinese imports partially causing that for EU car makers?
The destruction of industry
👌
Why not last time they were the government that idiot Brown sold every thing off including our gold at cut price to cover his over spending
@@jamesmoyes5685 The "Great" Reset. The proles will be a permanent, slave underclass.
"You will own nothing and be happy."
- Klaus Shwab.
And giving it to China
Started with The milk snatcher.
This is getting to a point where working is not going to be worth the hassle.
I use my car only to get to work and ocassionaly go shopping. (I order groceries online)
This will push people to quit their jobs and get on benefits
I doubt their will be a benefit system left. The way the governments are going, you'll be hard pressed to live a life on benefits. You'll just work until you're 95 and drop. That's if you're lucky.
I understand they are doing all they can to get people off benefits and into work ,
Wonder what sort of job someone who is allergic to work and hates work will do ? and who will take them on ?
Many sit on their arse all day already
@@dr.impossibleofcounterpunc1984
Boomers are the luckiest gen !
@@JamesLWilliams-k9x You don't mean politicians do you, as they are a wast of time, but they do help themselves to our money though.
I have 3 cars over 40 years old. No car tax.
@@nrw34260 I wonder if they'll sting us eventually? My only car is 1968 and I rarely drive but already my car ins has over doubled as I don't have use of a 2nd car! Mad really. I work 2 mile from home, so 2nd car is pointless.
@@squicker That is the rout I was thinking of going down nice idea.
They will tax them in the future.
@@Thetyrerepairerhope not. Just about to buy a 1971 vehicle.
I’m getting a private plate for my new car 1968 😂
Biggest increase in taxes ever,
Biggest increase in borrowing ever,
Biggest increase in spending ever,
No growth, no increase in GDP, broken promises, a failed budget
🥀 labour
100%
not a fan of the torys then cos other than the increased spending on thing like nhs and other good stuff thats what the torys have done for last 14 years .........
all because wve had 14 tears of tory rule ..liz truss nearly crashed the economy ..the tories left the country with a 20 billion black hole
But what did you expect when the Conservative and Labour parties hate the working people
It's Labour its what they do always have, always will. If you vote Labour you get a communist government its just now they are in designer suits instead of flat caps Fact!
I HATE LABOUR SO MUCH
I feel that way about almost all politicians
Personally, I hate the tory ***** because they think NO pleb (for clarity, that means anyone who isn't a tory party member) should be owning and driving a motor carriage. Labour are at least a bit more honest about it, ie no one ESPECIALLY tories should be driving but if you insist on doing so, they'll make it expensive. I'm no tory but I can within reason afford to keep driving....it ain't cheap but I can still afford the £735 a year tax on our main car. If you lot can't find a way to afford it, we'll.....
There isnt a word to describe my hate
@@DefinitelyNotAGuru You would love Milei if you could speak Spanish.
@@chesshooligan1282 I can speak Spanish actually
The way it’s going It’s gonna be like when cars were first invented and only the rich elite could afford them 🤦♂️
Thats what they want.
definitely 💯
Like N.Korea
@@garyhalsall4041
Horse and carts on motorways
yeah because people have been spoiled to think its ok to burn petrol to go to the local newsagents to buy a pack of cigarettes. Its a luxury thats taken its toll and now things are being put back in to perspective.
How they can justify these rises when you look at the state of the roads in UK
They don’t need to, they can just take it legally. Dreadful.
You'll be pleased to hear they've budgeted half a billion to fix the roads after the Conservative government left them to rot. But the budget's just come out, so give it some time, they've not got a magic wand 👍
The Second hand market prices are going to get even more ridiculous because many people won't be able to pay this extra tax on top of all the other taxes paid on a new car. This will also kill off the automotive industry in this country. They are really pushing us off the roads unless you can afford one of those milk floats.
👍
Yep that's what they want, no cars only bicycles, just like China.
Have people noticed they are making the paths wider for mass walking and cameras on top of lamp posts that track people, cars and bicycles. It comes under the ideology of c40 cities. It’s very concerning. Anything co2 based is being hammered at us. From food (farming) , transport, boilers etc. we are being run by tyrants now. Trying to censor speech as well.
Note that ministers get driven around in London in Discoveries and Range Rovers (armoured ones I expect) but they are exempted from these taxes! High time that they walked, cycled or used EVs to go the less than a mile from Downing St to Westminster or to their departmental HQ’s in Whitehall.
On the brighter side it might increase the value of used petrol and diesel 4x4’s if they don’t have to pay this new car tax!
Totally agree
Totally agree
Totally agree
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I been thinking the same for hrs,,make them walk from downing street to parliament,all fat lazy,b########
Talking to drivers, insurance is where the biggest concern is re cost
👍
They will claim they don’t make any money off of car insurance but it’s odd how they pushed up the premiums and they then record profits.
There are plenty of ways to represent costs and profits. Easy to attribute all the costs of the business to the motor side and “make no profit” while the other areas make profit but pay no costs.
My renewal for paying 450 annual they want £1150 20yrs no claims it all means nothing they know you need it so they hold you hostage if you want to drive pay if not lose it
I'm seeing a lot of people saying about an increase in their car insurance, however mine went down £100 this year on one car and a tenner on the other 🤷. I drive older non ECU control vehicles and I'm mechanically skilled ( self taught) . Seems like folk are going to have to learn to spanner on older cars if you want to save money.
Especially for a new driver, no joke we were getting insurance quotes of £3,000 for a year on insurance group 1 cars , and that is with it being on a driveway, third party only and in a low car crime area. Complete scam.
It’s disgraceful that the unqualified person Reeves has the power to bring hardship to so many people with no evidence that this helps the atmosphere…
What are your qualifications?
@@adblocker276 I have a Degree, a Masters and a PhD in economics and I agree with
@lizmacrae4970. What are your qualifications?
@@adblocker276 Are you an idiot? Can't you read her Google profile- she is an Oxford trained economist who worked in the Bank of England. perhaps you hate her becase she is a woman?
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Well, the original commentator isn't occupying the second most prominent office of state is she? (Presiding over the public finances with no economics or accountancy qualifications). What relevance are the commentator's qualifications to her comnent?
When petrol prices started shooting up in 2021 and 2022 from 1.30 towards TWO POUNDS I was shocked when supermarkets increased their prices by 50 to 100pc. The price of petrol has come back down towards 1.40 but curiously nothing in my shopping trolley has decreased in price.
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How to kill off car manufacturers- evidenced by VW and others.
I can afford a new car but I refuse to pay these levels of car tax. In addition I will never buy an EV at the ridiculous forecourt prices.
Second hand ICE prices will become stronger along with many thousands who will not pay car tax breaking the law.
It is all just an excuse to tax more.
Some great used EVs around at very good prices.
Me too, been planning on buying another car, but sod it I'm not paying for all this crap. Gonna run mine into the ground
What these idiots in government fail to see is if they kill off the car industry, it's associated trades will also be in jeopardy it will mean thousands of more unemployed and they state they want to get people back into work, because "work pays" we're all fooked as far as I can see, under Starmers Liebour
what I can't grasp is where is all the electric going to be generated for all the charging of these EV's and then when they want everyone on heatpumps to run them also.....I read an artical which said the carbon footprint for producing the batteries for EV's was bigger than the use of petrol/diesel vehicles on UK roads.....
@@ronmullard5718 All this government spin is a nonsense in the extreme. It will destroy jobs and manufacturing.
Heat pumps and EV’s nobody wants or can’t afford.
A flawed ideology that will distort and cost the wider economic dearly.
Well that’s gonna finish off the new car sales. The car manufacturers are already in big trouble from Net Zero LABOUR ABSOLUTELY SUCK
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Maybe the government should convince countries that produce the most CO2 emmisions to stop it 😂😂😂.
NET ZERO IS ANOTHER BULLSHIT SCAM.
I'm keeping my old girl, and the wife as well. 😜😂
Tax on wives coming next. What then?
Same here But Keeping My Old Boy, and The Boyfriend.🤣
😂
The global unemployment from all this nonsense will be unsustainable
👍
Not global just European.
Asian electric car manufacturers are booming.
@@redpill4431 it's not global, it's just the Europe that decided to go into full retard mode. We are so obsessed with climate that we can't see how everything is slowly being taken away from us.
I can afford a new car. But I’m going to stick with my excellent 16 year old Skoda Fabia with £30 road tax.
Good for you🤣 what a weird statement to make. “I can afford a steak but I’m going to stick to my beans on toast”
@@sullythegmany people like to drive their older cars. Why give the scum government anymore money.
@@sullytheg that's not even close to being an equal comparison. 🙈. You are not very bright 😂
@@kieranb7047 obviously your on full beam
@@BiggUgg25 "you're". Im blinding.
Somebody voted them in but no one will own up. 😂
😂 I didn’t
I did,sorry
@@JohnSmith-dn6fk Soooooooooo... what exactly did you expect to happen?
All liars.
Yes
We must be paying to much tax as it if they can afford to send millions to the Ukraine 🤔
👍
Millions ...Think Bigger ........ Its Billions, tens of Billions
Don't forget all the Labour voters coming in on rubber boats every day. Labour has to look after them you know!
Look up the budapest memorandum Vlad
Wealth transfer!
What are they doing with all this money they get from the tax because they’re definitely not fixing the potholes the roads are bloody disgrace
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Good new: they've budgeted half a billion to fix the potholes, left from the previous government. But it'll take time to fix them, the budget only just came out.
It's going on illegal migrants and the war in Ukraine also they are giving away billions in foreign aid.
“ We contend that for a nation to try and tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle”
A speech by Winston Churchill 1904
👏
The Labour Government are talking 2029 and beyond? If they are as unpopular as we are led to believe? They may well be a one term Government? Being that we have now gone from the cost of Living crisis under the Tories, to the cost of Tax CRISIS under Labour.
I would be very suprised if this is not a one term Government but there are many silly voters out there
@fredflintstone1 I agree, you would have thought that after 2010, that would have been a lesson in it's self.
This Labour Government is most Dangerous because there is No Opposition, there aren't the numbers to oppose them, again thanks to the voters.
All Labour wants is Control over us all, while the Labour MPS get richer with a big grin on there faces, everyone else gets poorer.
Nah, goverments normally go in 13 to 14 year cycles. Doe's not matter who you vote for, they are just the puppets. The real people incharge are far more dangerous than our inept MP's.
@@fredflintstone1 Well i can tell you i voted labour in the last election and i will not be voting for them next time. I didn’t actually expect them to do a good job if I’m honest, I just wanted the conservatives out and I didn’t think Reform were a particularly realistic option, but my days have Labour made me regret it. I’m voting Reform next time. I have no idea if they would do a better job even if they did somehow get elected, but damn im ready for someone different rather than one of the same 2 groups of idiots.
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Thank you for your helpful summary.
This budget is a Class War Labour Budget that will finally kill off the UK as a globally relevant country and economy!
This Labour Government gained power off the back of an infighting Tory Party who had gotten on the nose of voters. However the Labour Party came to power on just a 30% voter turn out and only just more than half of those voters - & - above all it is becoming blindingly clear that it simply said 'anything' to you and me to make us 'feel' that somehow it would be better with Labour! What a lie!!!
In 44 years of voting and observing the vote and performance of Labour/Labor/Left Leaning Governments around the world, I have NEVER found such a government who had any concept that - in order to have lots of 'lefty' freebies ... 'life long social welfare from cradle to grave' for those who simply realise early on that "WORK" is a dirty word and "WORKING" is for the idiots who somehow think that it is important to do and do well for the benefit of everyone - it is necessary for everyone to make and create stuff that people want (preferably in another country) and to be able to trsde that stuff that is made/created so as to have more people wanting it and buying it than what we want and buy from them. It's also fundamental that if we spend more than were make/create - we'll go out backwards snd find ourselves and our families on the streets in the cold and dark. ...... unless of course we support and/or become a part of a Left Learning political machine - such that we legalise THEFT by those who simply consider themselves ENTITLED to a comfortable life style without "WORKING", from those dwindling idiots in this country who still believe some how that "WORK" and "WORKING" is not only an important part of LIFE and self worth, but is our duty - in order to survive and grow as a society!
Regrettably this lying cheating bunch of Labour politicians have been given such a WHOPPING GREAT MAJORITY that we will now be stuck with them destroying the final remnants of this once great United Kingdom. "May the last person to leave, kindly turn the lights out!"
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What happens when we earn less than we are being taxed?
You lose your house, savings, private pension, they will have their bounty!
You will own nothing and be happy (according to the WEF)
Isn't that only for income tax? We pay tax on a lot more than that!
@@karlwest437 Tax bands are only for income tax.
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No one will buy new
I doubt that, just fewer will
I don't see the point of buying new just to lose thousands as soon as you drive off the forecourt. I bought a 10yr old car last year and it'll do me until I pop my clogs (I'm 70 next year).
new cars are becoming less enjoyable and more annoying to drive with all the beeping that can drive you mad
@@ahogQ That's another reason I wouldn't have one. Plus all the tracking electronics that are built into them.
A friend in the US told me once how a mate of his bought a new Dodge pickup truck (they do seem to like those over there) and decided to see what it could do, so he went out at 3am or some such time, on a dead straight totally deserted road and floored it. I'm told he had it up to 140mph, which would have scared me rigid whatever the conditions, but there you go.
A few days later he had a letter through the mail from Dodge, telling him his warranty was now invalid, due to his reckless driving. HOW DID THEY KNOW..? It must have been some sneaky technology in the car.
Now I'm not condoning driving at that sort of speed away from a track, but it does go to show how technology is increasingly being used to spy on us.
@@ahogQstick to pre 2017 and you'll get cheap VED and no lane assist or AEB. £35 a year tax for me and 50mpg+ why would I get a new car? Over £200 a year worse off before even factoring the car payment.
That’s the car industry contracting. Recession here we come!
👌
Problem with getting drivers to go down the EV route is they, the government, will be missing out on the exorbitant petrol/diesel vehicle tax so will have to then hit the EV drivers. I believe it was the last government that mentioned that a few years back.
Is EV drivers will get royally shafted soon enough
It's like smoking, they want people to stop smoking so they put the tax on cigarettes up, what will they do when nobody smokes and all that revenue disappears..? Or worse, the cost to the NHS when people switch to buying dodgy counterfeit ciggies with rat poison and god knows what in them..?
Electricity is already taxed at 5% (unless you produce your own). It's only aviation fuel that isn't taxed (go figure). Even electricity for trains is taxed, I think it's at 20%.
But if our electricity prices weren't set by the cost of gas generation then it'd be dramatically cheaper. My folks are on Octopus, they say something it's even free!
If the amount of EV Vehicles currently used on UK Roads doubles
in the next 36 months and the amount of EV Large Commercials increased by 45%
over the same period then the National Grid has already stated that it will be unable
to cope.
All the planned new 'Renwable Generation' forecast for the next 5 years will not
be enough to supply 3 Ton plus Commercial EV currently on UK Roads.
Reality verses Cult Ideology.
Do you know how much investment is ready and waiting to go into renewables but currently being help back by planners?? It’s on a biblical scale.
@@DefinitelyNotAGuru Renewables are only feasible with Massive Subsidies.
nope, not at all in fact. Listen to the CEO of Octopus for 5 mins.
@@DefinitelyNotAGuru But he has already been indoctrinated with the Nonsense.
Go steady independent facts about ''Electricity Generation v Consumption'' and without Levies then Renewables are unsustainable.
UK already has the most expensive Electricity in the World and its only getting more expensive, due to Renewables those are the facts.
@@DefinitelyNotAGuruYou can't get more progressive than the Netherlands when it comes to new technology and investment in renewable energy but they are currently struggling with demand.
Surprised they didn't put tax on mobility scooters 😅
Don’t give them ideas 😉👍
PLEASE DONT GIVE THEM IDEAS.
Don't forget walking sticks, and stairlifts.
Next year for sure 😂
The destruction of Industry…
Yep
Those increases for ICE vehicles are brutal. Especially at the more affordable end of the market as those will largely be bought by people on more modest incomes.
Someone buying a V8 Range Rover will hardly feel a doubling of VED on a vehicle already costing over £100k, so my sympathy does not lie with them.
But, a doubling of VED on a super mini? Harsh.
👌
Why do you not feel any sympathy for the owner of a Range Rover. Who makes them?? Normal people like you and I. Who supplies Range Rover parts? Small businesses in this country. If 10% less people buy them, guess what happens to the workers, the suppliers, the cleaners??
We really need to stop this race to the bottom.
Isn't it just on the first year
@@Olafisoyem fair points. However, I simply meant that a jump in VED that represents 2% or less of the purchase price of the vehicle for someone in the market for a £100k plus car is hardly likely to affect their purchase decision. That's less than the cost of many of the option packs on Range Rover. Whereas, even a couple of hundred quid more tax for someone in the market for a £20k supermini may well give them cause to delay their purchase, look to the second hand market etc etc.
Bit click baity Jim, it's only when you first purchase the vehicle. Which dealers put into the purchase price which the customer very rarely pays for all of it anyway. So calm yourself, now if it was from second year then you might panic.
If they are going to make it financially unviable to have anything bar an electric vehicle, they have to make provision for the many people who don’t have a driveway for home charging. As usual, it’s the low earners who are being stung.
Inner city properties with no off street parking, are not owned by "low earners". Quite the opposite in fact.
@@Hell-Hound1 There are still millions of terraced town properties that are at the bottom end of the property market; what about them?
Yes that's true.
@@saxon-mt5by This is where the government and local councils will have to work together to supply on street chargers, or pavement gullies to allow charging cables etc. to be used. Also work place chargers should be required in all car parks.
all car parks need to be mandated to install 220v outlets on each parking spot. When I lived in Edmonton in Canada in the seventies this was common for car heaters in the winter so can be done.
If you live in a flat, you can’t have a plug in! So frustrating!!!
Exactly the point I was making, instead of investing in public charging, do something to help more charge at home where it’s dirt cheap and mega convenient
Yeah, just a bloody long lead!!
If wanting to stick with ICE, and wanting to buy not lease, then all the more reason to not buy brand new, and to buy cars that are already 1 year old.
👌
Also, do not get stung for the 'expensive car tax' in years two to six 😮.
I bought a 10yr old car last year. 31,500 miles on it from new (genuine with documents to prove it). Not a speck of rust and runs like a dream. Why would I want to buy new..?
@@TestGearJunkie.Similar, owned one for eight years, low mileage...not selling that baby for a while!
EV’s a very good idea but they're expensive, and the charging infrastructure in the rural parts of the land is pretty much non-existent. Notwithstanding the fact that public charge points are a rip off, that's if you can find one and if it's actually working. or there isn't a massive queue to get on it.
It depends where you live. I live in a rural part of Scotland but every little village has at least one charger and my small town (pop 9000) has 16 chargers. In over 5 years owning EV's I've never had to queue. Where have you had issues charging?
I got a very cheap used EV, costs bugger all to run. Each to their own.
Charging, taxing and fining car drivers has always been a great money maker as most of us need one to live. Had the car not been invented, then there would just be similar costs depending on the size of your horse or Oxen 🐂
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There is no doubt some fuel retailers protect their margins but I think we need to keep a sense of proportion. Fuel duty and VAT are the biggest contributors to the cost of a litre of fuel. The tax costs make anything the retailers do look irrelevant.
Yep, fair point
I kind of get what the government is trying to do with regards to the EV Infrastructure....but there are issues here, big ones....EV sales are plummeting, The Power Grid nationally is simply not up to the requirements that would be expected of it .....assuming we all suddenly purchased EV's, and has anyone considered what's going to happen to the Millions of Dud Car Batteries which apparently cannot be recycled!
Well! you're pretty much wrong on just about everything you've written there.
May I suggest that you do some research, that doesn't include some bloke from down the pub. Or some ones brothers mate said.
@@Hell-Hound1 Well said, I was going to say the same but you beat me ro it. How he could so much wrong in a couple of lines is amazing.
EV sales are up, not plummeting
@@jsanders100 With how much government are pushing them you would be surprised if they weren’t, although separating out private from fleet would be interesting to see. Although I have to laugh because everyone seems to forget we have seen this exact same kind of thing before and after about 20 years it turned out to have been a terrible idea. Can’t wait to see the EV scandal in 20 years.
Pretty much every point you’ve made their is factually incorrect Richard but thanks anyway 👍
Tax is always an emotive issue. It was clear that the previous government underfunded just about everything. Some catch-up was needed. My biggest gripe is the ease with which the ultra wealthy seem to have numerous legal ways of avoiding tax on income and wealth, whilst the rest of us, especially PAYE have to accept it.
Over the course of recent history in most parts of the world you will see that whenever significant economies have grown it has been largely due to stimulous rather than an increase in taxation. If people have more money in their pocket they will generally spend it, creating jobs, genrating more tax revenue than simply taking it from them at source.
I think you miss the fact that we should be supporting the economy and not stifle it. Basically the budget has no new ideas and it is the continuation of the status quo
The wealthy don't take an income so they hardly pay any tax.
totally agree with you.
@@Olafisoyem except that this government is having to correct 14 years of tory cock-ups and miss management.
Saw this little scam today at a shell garage...billboard says 142p a litre for diesel. Pump small print says 168p a litre. Who the hell checks before using it, so Watchout!
Bloody hell
You likely picked up the V-power nozzle
They want us in15 min cities no cars no meat no private property no holidays , this is just the beginning !
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This is terrible penalising car drivers especially people who need the car for work.
👍
Well I was considering selling my car and getting a horse and cart, now I’m undecided especially after it was considered a pay per mile or cycle tax for using a bicycle by this government to pay for potholes, but now I’ve heard that a pedestrian tax is being considered of pay per mile by this government using facial recognition cameras.
😁
Don't give them ideas..!
The want all of us to go nowhere ,WHAT NEXT CONSCRIPTION FOR OVER 70s
This should halt car sales a tad! And this us labours idea of growth?
Exactly
Can you imagine paying over £400 to tax a Dacia Sandero? Bottom end of the market is finishing and people will have to make do and mend. I have a pre 2017 car so low tax and it's going nowhere any time soon.
Cheers Jim firstly congratulations on 54k subscribers as for the budget same as usual screw the cash cow motorists as for the fuel cost ideas all that would happen is that petrol retailers would just threaten to put the tax free price of fuel then the idea would be quietly dropped should ask the supermarkets why branches within 6 mile can vary between £1.29 and £1.43 per litre !!!
It’s very wrong Dave 👍
I'm not so sure the fuel retailers are that much to blame for price fluctuations.
..
I was told that the fuel station owner/retailer buys the fuel weeks in advance at spot price or whatever the price is at that time (including wholesale margin)..
..
So if the price drops in the following weeks the retailer is stuck paying the
"agreed" price...
..
Margins on fuel are 1p/ L hardly raking it in.....
@stuartd9741 no not about small retailers tesco the supermarkets within approx 6 miles 3 different prices vary between £1.28.9 and £1.32.9
Biggest shock....how Jim produces a budget update with no spreadsheet.... 🤯
😂😂😂👍
It's about WEF wanting us to not own a car and rely on their public transport, where they control where you go and when you go. Making it too expensive to buy a new car eventually the used market reduces and the poor can't afford independent transport.
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TOTALLY CORRECT.WE EVEN GOT BLAIR ON THE BANDWAGON NOW ADVISING OUR GOV TO TO BRING IN PAY PER MILE BLAIR WANTS TO KEEP HIS NOSE OUT OF OU GOV,HE TRIED ONCE AND FAILED ,NOW HES TRYING TO WORM HIS WAY BACK IN ,HE IS ANOTHER WEF SUPPORTER,SO WHY DOESNT HE GO LIVE IN DAVOS WITH UNCLE SWAB
I wouldn't mind paying higher tax if things worked but nothing does nowadays.
You can't drive anywhere without delays due to roadworks that nobody seems to be working on. Roads are in bad condition, healthcare is a shambles...
I could not agree more
Well the budget did include 1 million potholes being fixed. Someone has to pay for it
What about those who drive historic vehicles? At the moment it's free road tax and MOT. (UK).
No change from what I understand
@DefinitelyNotAGuru thankyou.
I wonder where that extra charge will end up, most likely straight into "green" so call projects.
It's to fill the £40bn black hole they keep talking about whilst paying for 5000 empty hotel rooms every night.
Remember that over the last few years low emmision cars have paid less tax to encourage their purchase, but they still use the roads which desperately need maintenance, which costs!
But a fraction of a percentage of the revenue generated goes into the roads, that ended years ago
They are trying to price bigger vehicles off the road.
And humans it seems
Unless they're for driving government officials and ministers about.
That is a good thing to many of these things on the road driven by fat birds wearing sunglasses on there heads to run the sprogs to and from school which is probably only about 300 metres down the road
I have a 2016 BMW 330e hybrid that currently costs me zero VED. The changes seem to apply to cars that were built from 2017. I was thinking of leasing an EV and selling my BMW but I can't seem to find the info about when I might pay VED on my BMW and how much ... anyone know ? Also, If the VED is going up, is it a good idea to lock in a 3 or 4 year Lease now ?
Once the dust settles I’ll do some research and make another video on VED
Morning Jim, you may be ‘just a TH-camr’ but you talk a lot of sense! I am totally disillusioned at the moment so did not follow the budget news, so thank you for explaining it for vehicles. My son in law was thinking of a company car salary sacrifice and this may change his mind. I empathise re the cold as hopefully towards the end of mine post flu jab!
Get well soon!
Last year my small 14 plate Fiat Fiorino van was £285 while the renewal of the road tax I payed this morning was £335. My insurance was only £155 for goodness sake. Daylight robbery......
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It's all one big con to get more money out of people
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We are heading back to the Middle Ages. The UN's sustainable goals clearly state that car usage will be limited in the future. Those who can afford car travel and emergency services will be the only people on the roads. Car ownership 40 yrs time will be a thing of the past. You'll be using public transport and live a sustainable life with limited resources, just like the surfs in the Middle Ages with a technocratic and authoritarian overlay. Future generations will know no different, and the car will be a thing of the past, sort of. Good Luck!
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Jim, appreciate what you're saying about a company car being a 'tool' for some professions, but a company car will only attract income tax when they're also made available for personal use.
All they need to do is make it lower for those doing X amount or % of business mileage as it used to be, therefore only punishing those who have on purely as a perk - but of course that didn't generate enough tax.
Regarding trad fuel prices; you don’t want to control the tiny margins the retailers charge you want to consider the far more significant price the oil and gas industry charge. Remember their cost of extraction and refining is barely changing yet “market forces” allow them to charge more for the same thing, ie direct profit added to their bottom line, that’s why it’s import to wean ourselves off foreign oil and onto local produced renewables (heck or even grow your own).
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We are all screwed lol! EVs getting road tax as of 2025. Best option leave the the UK if you can. It’s a sinking ship
Leaving the UK because of tax on EV’s! Wow, that’s all I can say…
@ and everything else! Did you not see the budget yesterday? Also the quality of life which has been declining for years?
Not a bad idea
@@DefinitelyNotAGuru life’s too short! And there are many better countries out there. Unfortunately the uk has peaked and it’s just not worth being here anymore
@@kab7044 its a collection of things
Can you please clarify your understanding of the changes in the budget? Section 5.86 of the budget, states that the first year VED for many non EV vehicles will double in 2025-2026. DVLA document V149 (Rates of Vehicle Tax) currently states that the first year VED for (example), a vehicle producing say 159g/km is £680, which is already 358% higher than the standard £190 rate. Does it mean that from 2025, that cost will be £1,360 (double £680)?
Yep
@DefinitelyNotAGuru That's mental pricing! I have only just got my head around the existing VED pricing of a new car (first year and expensive car tax). That's it, I'm sticking with my low milage diesel, don't do enough miles to warrant an EV or PHEV, and most HEV and MHEV do not provide enough benefits for the capital cost. My low annual mileage and extending the life an existing vehicle is my contribution towards net zero 😉.
Iam leaving UK just wondering which country is going to take British refugees I hope they put me up in a hotel and pay me expenses still searching
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Go to what used to be called the third world.
The crooks will take many years to get to them.
A bigger problem is the changes to employers' national insurance. This really will stifle growth. Many firms will be less likely to take on more employees in the UK. Smaller firms could downsize, or go out of business altogether. The increase (welcome) in minimum wage will put pressure on some firms but I think most companies could cope with that, this NI burden is going to harm the economy.
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STARMER DON'T KEIR ~~~ HE DON'T KEIR AT ALL
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@@DefinitelyNotAGuru Thank You. Best, Jamie.
i bought my wife at the end of 2017 a preregistered 1.6 diesel car (registered end of april 2017) which at the time qualified for free road tax and still does, now i am left wondering what this will cost me next year or will it still be free? parking it in our cpz is already expensive!
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On the bright side .. 1p off a pint of beer
Unbelievable generosity. 🤣
Exciting times.
Might of been welcomed in the year 1894..
Already expensive to have a beer out ! ………..1p won’t help
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6:03 £200 million to beef up the charging network?
You mean £195 million on outsourcing surveys, plans and other admin to their friends companies and the remaining £5 million on installing more chargers at council sites where they are very little use to anyone
Yep
Taxes and living costs increased too much in this country, so sooner than later, old people/pensioners could not even afford to die.
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WHAT IS THIS ABOUT RAYNER AND PENSIONERS,NO FOOD,NO HOT WATER,WHAT THE HELL IS GOING ON.
Thankfully I am saying electric for my next car so it shouldn't be to bad. We have to wait and see if there is any more costs. Great video jim
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The people buying luxury cars won't blink, but the rest of us suffer, more proof that Labour hate the working man and love the rich, as after all most of them are millionaires.
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Thank goodness they didn't increase Insurance Premium Tax (IPT). Sadly, motorists are and always will be an easy target when it comes to taxation (e.g. New car tax, fuel duty, IPT, car tax, VAT on parts, etc). Get well soon Jim & have a good weekend 👍
I’m sure it’ll be replaced with VAT at some stage. Cheers Jase, have a good one!
It’s just become politics based on envy. Stop people that have worked hard driving expensive cars, stop them sending their children to a better school etc etc.
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If you can drive expensive cars and send kids to private schools. These tax changes really aren’t going to hurt you… The U.K. public infrastructure needs investment, look at tax across the world its going up, people want better public services guess what we all have to pay for it.
@@craighuddy5351 Many middle income families will be forced to take their kids out of private education which only adds more pressures on state schools. Chucking more money at something doesn't necessarily equal improvements. The NHS is haemorrhaging money. Filling up the leaky bucket won't fix it. It needs root and branch reform.
@ not many middle income families are sending kids to private school people on 60k ish aren’t spending an average of 16000 on private schools a year… Well under investment and the private sector didn’t seem to work to well, so why not try a bit more investment.
@@craighuddy5351 many private schools will close, certainly the one I work in - the second biggest employer in my area. Somehow the local schools will have to accommodate another 300 pupils, 200 people will lose their jobs - 90% of which lived locally and spent their money in the community. On top of those jobs will be the fall in income for many local businesses- groundsmen, plumbers , builders etc. This will happen up and down the country and all those employees and businesses pay tax.
In the Netherlands the Electricity Grid around the cities is unable to cope with the increasing charging of EVs and the switch from using fossil fuels for heating and cooking. In a recent announcement in Rotterdam people have been asked to minimise their use of electricity between 16:00 and 21:00 as the system is at breaking point. Is it really sensible for a government to encourage people into EVs before they have updated and increased the capacity of the National Grid? Governments seem to always be playing catch up by putting the cart before the horse.
Plenty of investment waiting to happen but delayed planners. I can’t see it being a huge issue at the current rate of EV uptake to be fair; it’s also one of those subjects where fake news routinely appears - probably due to the oil company lobbyists getting it out there (there are hundreds of those operating in the uk).
I'll stick with my 2015 toyota argo as my road tax is £O
Ok
£0 nice, but for how long??
500m for potholes - that’s not even touch the sides
Nope
Fewer people owning new Ranger Rovers fills me with so much joy it's hard to explain. Hard on farmers, not so much for the folks using them to drive their kids to school each morning. Appreciate the update. Really interesting
@@Caneandunable Won't what?
@@Caneandunable I think there will be a bit of a delay on that - especially given that they don't exist yet. Gives councils a bit more time to put restrictions for cars in place near a lot more schools (School Streets)... possibly even Paris-style weight/size limits for urban centres?
@@Caneandunable It's a big problem for all of us! I think Ford are rumoured to be working on an electric Fiesta... but yeah, the margins are too small so the big manufacturers are going big. Quite depressing
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Earlier this year, the Financial Conduct Authority (FCA) started investigating whether some car finance customers were charged too much through a Discretionary Commission Agreement (DCA)...As a part of that investigation, three consumers have argued that the car dealers, acting as brokers, failed to disclose commission payments and that this affected the impartiality of the finance advice they gave.
The Court of Appeal reviewed three cases and ruled in favour of the consumers who claimed they were mis-sold car finance, saying that “a broker could not lawfully receive a commission from a lender without obtaining the customer’s fully informed consent to the payment”.
The ruling emphasised that car dealers acting as credit brokers have a “fiduciary duty” - which means they have the legal responsibility to act solely in the best interest of another party - and to disclose any commissions received to their customers.
This is a big ruling, and the Court of Appeal’s decision could set a new legal standard for disclosure, with finance agreements requiring more transparency around commissions from here on out.
Yes, I made a video about it - problem with the FCA is their record on taking actual action and punishing offenders. They usually go for the low hanging fruit in my experience whilst avoiding any big messy cans of worms.
What great news for car manufacturers and those people they employ. 🤬
Exactly
Are the changes you are talking about only for new cars in the first year? I think I am being a bit slow today. One thing that confuses me as well about VED, is that there are some ICE cars that have zero VED and I have not seen any reports of that changing but EV's are going to start paying next year. Have I missed something here?
the VED tax is the first year - EVs will start paying VED from April 2025
I think, and please don't quote me on this but, changes to the VED will only affect vehicles registered after 2017.
@Hell-Hound1 I think it's more about vehicles before 2017. As 2001-2017 was when some cars paid £0 ved. This will change in 2025 they will the pay £10. And so will EV's. So only historical vehicles will pay Zero road tax. Cars after 2017 pay a flat rate of £190 unless they are over £40k then they pay £300 odd more on top. After 2017 a 1.0 fiesta pays the same as a V8 mustang. Before it would have been £0 vs £725
Thanks for all the feed back, so it looks like my 2015 1.0 fiesta will pay £10 from April 2025.
Government: We can spend carelessly and the final bill will be paid by taxpayers. Happy days.🎉
They have inherited a bag of shyte from the Torys to be fair. Schools falling down, hospitals falling down, the Liz Truss economy damage....the list goes on and on. Decades of underinvestment and kicking the problems down the road.
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Our tax in April of this year was £385 for an elderly Sharan diesel. Fortunately we bought an EV (second hand) two days ago. Climate change can’t be ignored unfortunately
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This country only contributes 1%to the world's pollution so rushing out to buy a EV is not going to make the slightest difference to the climate.... Until you plug it into the grid then loads of pollution from the power station
@@kevinwestk7958no half of the generation is fossil free. 100% of oil is fossil juice, and after extracting it, spilling it, evaporating it, transporting it (in fossil fuelled ships and tankers) then burning it.. which do you think is more environmentally friendly?
Climates been changing for millions of years without any help from government's,and will continue to do so.
@ yes
And humans have not existed for much of that time
The British people taxed to extinction
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What is happening with road tax for older cars?
Nowt yet
I’m really thick with all this stuff, so I pay £35 a year tax for my petrol 2015 car.. how much would it cost me?
If you keep it, £35 i guess - this is on new cars
From 1 April 2025, drivers of electric and low emission cars, vans and motorcycles will need to pay vehicle tax in the same way as drivers of petrol and diesel vehicles. This change will apply to both new and existing vehicles.
That’s from DVLA Goverment site.
Am I right in thinking a BEV bought before Apr 2025 will not attract the "luxury car" extra tax ?
Yes
Remember reading that a trabant in the old eastern europe was £000's on the black market because that's all there was. I've no crystal ball but park that 10 year old Aygo in a garage it might be your pension.
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what about my 15 plate alto is it still nil tax
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To be honest, Im not too worried about the tax on Range Rovers. In my opinion, there are only 2 types of people who buy Range Rovers, the ones who can afford them and the ones who think they can afford them. Big difference between both. And lets not start talking about the ones who can't even drive them let alone parking them 😂
You’re forgetting about bank robbers 😂😉
@@DefinitelyNotAGuru Crikey how did I forget about them. Sorry🤣
Where are you getting those figures from please? I've tried to find it and welll, basically couldn't find it. Cheers
The vehicle excise tax I mean
It’s everywhere
@ no problem, don’t worry.
I thought the working people would not see any change to their payslip or tax, company car drivers certainly will, maybe they fall outside of the working person defenition.
The premium tax applying to EVs is perverse, very few are below £40k, so this will discourage uptake. Some will think this a good thing.
It’s daft
New Electric cars should be taxed on the bases of where it was made i.e. 0% on UK produced cars 100% on cars made in China ?
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The UK should have invested in their own EV vehicle. Doesn't need to have a huge travel range or tons of options/variants. Just a fairly basic, reliable, cost effective runaround. The reduced CO2 footprint of not having to ship vehicles from the other side of the world would be significant. Massive business and employment opportunity...missed.
Get the drivers off the road but don't improve public transport....i think people will be giving up work and claiming benefits instead... also this will put cost up of everything, people won't be able to spendbecause they will have no money left
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