Chancellor George Osborne delivered his first Budget, introducing it as "tough but fair", with increased living costs likely for most of the population. At first glance it appears that motorists will pay dearly, thanks to a significant hike in the VAT rate.

The standout announcement in the Budget was a change in the VAT rate from 17.5- to 20 percent. This takes effect from 4 January 2011 and will up the cost of everyday items for all. The 2.5 percent increase will have a marked effect...

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The country's biggest free motor show opened its doors this week in London. The Canary Wharf Motorexpo is playing host to a huge selection of new cars, along with several special activities.
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New EU legislation that came into force yesterday (June 1) could help to cut the cost of servicing and repairs for motorists.

Current EU law states that a car's warranty will not be affected if it is serviced outside the franchised dealer network, as long as approved parts are used and the work is carried out to the manufacturer's specification.

Until now, independent garages had to buy approved parts from car manufacturers, but the new legislation allows parts suppliers to sell their ...

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Motoring issues rarely feature at the forefront of a pre-election manifesto, even though transport-based news permeates the day-to-day agenda. Among some of the biggest stories of the last few years have been congestion charging, environment-based car tax changes, unprecedented fuel price rises, and, of course, the scrap scheme.

The cost of motoring is certainly rising, but will it continue unabated when the next Government comes into power? It's difficult to say for sure, but here's ...

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Cost of driving 'up 20% since 2007'

Wednesday, 07, Apr 2010 10:43

By myfinances.co.uk staff

The cost of driving has risen by 20% in the past three yea...

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