Thursday, September 5, 2024

704 Charges Due To ⁘Painful⁘ Labour Taxes | Express.Co.Uk

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Motorists could be hit with a staggering £704.72 rise in motoring bills within weeks if Labour presses ahead with rumoured changes.

The Government is keen to fill a supposed £22 billion black hole in public finances with motorists likely to be targeted in the Autumn Budget. Prime Minister Keir Starmer has already warned decisions made in the Budget will be "painful".

Although Labour has promised not to raise VAT rates which would have impacted car parts, there are lots of areas where drivers will still be affected.

New pay-per-mile car tax changes, fuel duty fees and likely car insurance increases will all hit motorists in the back pocket.

However, Labour's ambition to generate revenue could see this axed which would add £2.75 per week or £143 for a 55-litre family car.

But, experts have suggested Labour could be prepared to go further with Howard Cox, founder of FairFuelUK not ruling out a 10p per litre rise.

This increase would see fees rise by an extra £5.50 per week or £286 per year in a blow to cash-strapped individuals.

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