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The Autumn Budget presented another mixed bag for BVRLA members and their customers. While greater certainty over future Benefit-in-Kind (BiK) tax rates, plus progress on charging costs were welcomed, concerns remain over changes to capital allowances and the introduction of electric Vehicle Excise Duty (eVED).

BVRLA Chief Executive Toby Poston comments: The most useful thing a Budget can give our sector is a clearer basis on which to make the next investment decision. For members ordering vehicles, setting lease prices or advising customers, knowing what lies ahead has a practical value. Last week’s Budget provided some welcome certainty, particularly on company car tax. Our task now is to make that certainty last longer.

The Financial Conduct Authority (FCA) has published findings from its supervisory work in consumer finance, highlighting good practice and areas for improvement in how firms assess fair value and demonstrate positive customer outcomes under the Consumer Duty.

The BVRLA has submitted its response to the Government's latest Zero Emission Vehicle (ZEV) Mandate consultation, concluding an extensive programme of member engagement to ensure the views and experiences of the fleet and mobility services sector are represented.