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BUDGET 2017 ANNOUNCEMENT

Chancellor Philip Hammond today revealed that drivers of diesel vehicles that do not meet emissions standards will have to pay a higher rate of vehicle excise duty from April 2018. This means that vehicle excise duty for diesel cars will increase by one band with a £140 annual flat rate to be charged after this. It is still unclear as to whether Euro 6 diesel vehicles will be effected by these rate changes.

An increase in fuel duty was expected to be announced, however Hammond decided to freeze prices again - making for the longest freeze for over 40 years. This means the average car driver is £850 per year better off since 2010, and van drivers over £2100 better off.