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Last week’s Budget was publicised beforehand as being a painful one, with difficult decisions needing to be made. Its contents demonstrated the challenging economic climate facing the nation, but did contain some green shoots around road transport decarbonisation.

The new Labour government is currently finalising the details of its first major fiscal event since winning the election this summer. Chancellor Rachel Reeves' delivers the Budget next week (30 October) and she has forewarned the public that this will be a 'painful' one.

The UK new car market rose 1% in the key ‘74’ plate change month of September, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).

This week the BVRLA has been championing the interests of members at the Labour Party Conference in Liverpool. Alongside partners the Association of Fleet Professionals (AFP) and Auto Trader UK, discussions have been taking place with MPs and Conference delegates to educate them on the value of rental and leasing industry, and highlight the challenges it faces.

Government decarbonisation targets are at risk unless it acts now to strengthen demand for used electric vehicles, warns the BVRLA.

The BVRLA recently made a submission to Government ahead of the Autumn Budget (30 October).

BVRLA’s annual Parliamentary Reception at the House of Lords last week brought together over 150 parliamentarians and guests. Supported by AutoTrader, the event featured key insights into the state of the used BEV market.

The Government must act now to avoid further volatility in used electric vehicle (EV) values, which is damaging confidence in the transition and making new EVs more expensive.

A 2030 Phase Out target for banning new ICE van sales is unachievable, while the same target for cars is a major risk unless the Government matches its ambitious targets with additional support measures.

The latest figures from HM Revenue & Customs (HMRC) show that company cars continue to drive the transition to zero-emission road transport. The findings come as HMRC published its annual benefit in kind (BiK) statistics and commentary on company car and car fuel, for the 2022/23 tax year (ended 5th April 2023).

Last week BVRLA Chief Executive Gerry Keaney was invited to give evidence to the Transport Select Committee in a one-off session looking at EVs. Gerry represented the views of BVRLA members alongside a host of other industry experts from the Society of Motor Manufacturers and Traders (SMMT), FairCharge, the National Franchised Dealers Association (NFDA), Auto Trader and What Car?.

Last week the BVRLA attended an MP drop-in event hosted by Lex Autolease. Organised to promote the asks of the leasing sector of government, attendees also had the chance to discuss the latest research conducted by Lex Autolease.