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UK's emergency Budget 2010: how it affects motorists
Mon, 21 Jun 2010Chancellor George Osborne will make the emergency spending cuts on Tuesday 22 June By Tim Pollard Motoring Issues 21 June 2010 09:51 The new UK Government's emergency Budget tomorrow is likely to announce a raft of spending cuts and tax rises bound to affect motorists. The new Conservative-Liberal coalition government is taking the unusual step of holding an emergency summer Budget to reduce the national deficit, which stood at £156bn in 2009-10. The senior Cabinet members signed off the details of the Budget on Friday, but the details won't be confirmed until Tuesday 22 June 2010.Here's our preview of what to expect if you're a car owner:VAT riseMost pundits agree that the rate of value added tax will rise from today's 17.5%. If raised to 20% – the upper limit expected – it could raise an extra £11 billion a year for Government coffers.
Chris Harris finds the McLaren P1 “a whole new thing” (video)
Thu, 20 Feb 2014Chris Harris and McLaren’s Chris Goodwin in the McLaren P1 We know the McLaren P1 is exceptional, and we’ve heard almost the same ‘game changer’ dialogue from anyone who’s driven it. We’ve also seen the McLarenj P1 on the move in the recent Top Gear with Jeremy scaring himself witless in Belgium as his brain came to terms with the awesome 903bhp at the P1′s disposal on a less than forgiving Spa circuit in damp conditions. But what we have here – in case you’ve not seen it elsewhere – is a video review of the McLaren P1 from Drive’s Chris Harris, and it does the best job we’ve seen of explaining just why the P1 is so special and why it’s “…a whole new thing”.
Mitsubishi i MiEV electric vehicle priced at $45,660
Fri, 05 Jun 2009Mitsubishi Motors Corp. has priced its new electric vehicle at 4.38 million yen, or $45,660 at current exchange rates, and wants EVs to account for 20 percent of its global output by 2020. Mitsubishi unveiled the production version of its i MiEV battery-powered car on Friday, saying it aims for 1,400 lease sales to corporate customers and local governments by March 31, 2010.