Motor industry calls for Budget 2010 help

The motor industry, in a bold message to the Chancellor Alistair Darling, has asked the government to provide support for the motoring industry in the upcoming 2010 Budget.

The Telegraph reports that the Society for Motor Manufacturers and Traders (SMMT) has requested the government provide a more substantial Annual Investment Allowance for businesses, to help them invest in commercial vehicles such as coaches and vans. The SMMT also asks the government to get rid of the 3 per cent diesel car penalty for business users.

For investment and innovation in the future, the SMMT has called for the Chancellor to reinstate the 20 pence per litre incentive for bio fuels, to encourage more used car buyers and new car buyers to consider low carbon emission vehicles.

SMMT chief executive, Paul Everitt, stated of his organisation's demands: ''The government has recognised the importance of manufacturing and has signalled its commitment to working collaboratively with industry.''

He continued, stating that whilst ''the scrappage scheme has been a lifeline for the new car market, further measures are now necessary to build confidence and encourage new investment.''

The SMMT hopes that its message will help to restore much needed confidence for those in the motor industry, consumers buying new vehicles and those people selling a car.

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