The Chancellor has at long last bowed to pressure from business fleet owners and motorists to reduce the cost of fuel, which has seen a steady and protracted increase over the past year. Coupled with the new higher rate of VAT, this puts fuel prices at a premium.
You may have heard in the news recently that the European Court of Justice is to place a ban on gender pricing when it comes to car and van insurance quotes. This means that women could be paying significantly more for their insurance and in some cases as much as 50% more.
Car and van insurers have been told by MPs that they need to do far more to combat the rising levels of ‘cash for crash’ fraud, as well as make their referral fees far more transparent in order to combat the costs of premiums.
The recent decision made by the European Court of Justice to ban gender pricing on insurance related products is set to impact heavily on female drivers as the cost of cover for women drivers is expected to climb by 25%, or even as much as 50% for some.
With an ever increasing number of van operators in the UK at risk of causing a tyre related accident, failure to properly maintain the condition of tyres remains the most frequent reason for light commercial vehicles failing spot checks throughout the country.
The average price of a used van in the UK rose by a modest, but not insignificant 1.7% in January, up to £4138.
With public sector cuts, VAT hikes, rising petrol prices and a high rate of inflation, the old adage of ‘look after the pennies and the pounds will look after themselves’ has never rung so true.
As part of BT’s commitment to reducing carbon emissions by 80% before the year 2020, it has recently announced a scheme to trial energy efficient vans across two of their locations.