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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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