Vehicle Excise Duty Changes Are Coming In 2020 For ALL New Cars – And It Could Cost Brits £500 Extra

Philip Hammond effectively ended austerity today with a £25billion Budget splurge that abolished stamp duty for most first time buyers and pumped £3billion into preparing for Brexit.

The Chancellor ditched his 'Spreadsheet Phil' reputation for tight money management as he fought to save his job - turning on the spending taps to meet a bewildering array of challenges.

Despite the OBR fiscal watchdog wiping billions of pounds off the government's books by slashing growth forecasts, Mr Hammond ploughed £2.8billion more into the NHS, £1.5billion into heading off anger about the new Universal Credit rollout, and paved the way for significant public sector pay rises.  

But the most radical move came as he did away with stamp duty on properties worth up to £300,000 in a bold appeal to Millennial voters. 

Homes worth up to half a million pounds in 'high value' areas will also be covered - meaning buyers will only face charges on the £200,000 difference.

In total around a million first-time buyers are expected to benefit over the next five years, 95 per cent of the total. 

Chancellor Philip Hammond set out an optimistic view of Brexit, but admitted that growth forecasts had been slashed

Source :

Thanks for visit my website
Hammond bets the house: Chancellor ends austerity with £25bn Budget splurge SCRAPPING stamp duty on £300,000 homes for first-time buyers and pumping £3bn into Brexit plans ...
Government's attempts to kill off diesel backfire as official figures show there are MORE on UK roads today than ever before
Big changes on car tax are coming in April - here's how much more you could pay
High C02 Tax May Lead To Mass Scrappage In The UK
As end of the tax disc age catches out motorists: The new car tax rules you need to know to avoid an £800 fine or having your car clamped
Parliament: Questions and Answers - April 5
Donald Trump's Billion-Dollar Tax Loss Is a Diversion From More-Serious Matters
Honda CR-Z set for November introduction in Malaysia
Drivers warned road tax changes will knock up to £1,000 off the value of their cars
U.K. Prepared to Ban Internal Combustion Engines by 2040