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Motor Trade Insurance News

Summer 2021 Fuel Prices In The U.K

The pandemic appears to have had a mixed impact on motoring costs: Supply issues are pushing up new and used vehicle prices, while large-scale home working has reduced vehicle use and cut motor claims, thus lowering the cost of an insurance policy. Though this is welcome news for private motorists and perhaps those currently looking at their motor trade insurance cover, trying to predict how all this might affect fuel prices remains far from clear.

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VED And Fuel Duty Freeze

Some good news for the motor trade sector in the recent 2021 UK budget which has been well received by the industry, as well as many private and commercial drivers. The chancellor announced a freeze in fuel duty at the same time as extending the furlough scheme, fuel duty will remain frozen at 57.95p a litre for 2021-22.

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How Is WLTP Different From NEDC?

In September 2018 the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) was introduced as a new, and potentially more accurate, way to test new cars for their emissions and fuel economy. The procedure is much more stringent than the system it replaced, the New European Driving Cycle (NEDC), a lab-based testing system which often produced inflated fuel economy figures and incorrect emission results. more info…



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