“Next week's Autumn Budget will be the first under a Labour government since 2010, offering a vital opportunity for the new administration to outline and communicate its vision for the future of the sector” commented Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA) which represents car and commercial retailers across the UK ahead of the Autumn Budget on 30 October.
In September, NFDA submitted its Budget proposal to the Chancellor, Rachel Reeves MP, for consideration. The submission addressed various issues impacting the automotive industry including:
- Boosting the automotive sector by driving vehicle electrification.
- Creating a more equitable business rates framework.
- Developing a clearer plan for future road taxation policy.
- Tackling rising motorist costs and ringfencing additional funding for UK road maintenance.
Credit: Shutterstock/Martin Suker
As part of NFDA's Parliamentary engagement programme with the new government, NFDA hosted its annual Parliamentary Dinner last week. The event brought together members, MPs, and Lords, who were briefed on the significant contributions of the automotive retail sector to the UK economy.
Notably, amongst the attendees, was Lilian Greenwood, the Future Roads Minister.
Since then, NFDA has continued the dialogue, and this week received a second letter from the Minister, affirming the Government’s commitment to phasing out new internal combustion engine cars by 2030. The letter also reiterated the Government’s desire to work with NFDA and the wider industry during the transition to electric.
Sue Robinson added: “By implementing measures including restimulating the private EV market through price incentives and by improving charging infrastructure, as well as establishing a more equitable business rates framework, the Government can support the industry in achieving its far-reaching objectives. NFDA also continues to oppose increases in fuel duty rates, which will only impose higher costs for British motorists at a time of relative global instability.
“NFDA continues to engage directly with Ministers responsible for the sector regarding many of these challenges and calls on sector support from the Chancellor in the Budget.”