One in eight UK citizens are planning to bring forward their car purchase decisions to dodge the Chancellor’s VAT tax bullet, positive news for the UK car industry.
Research among 2,000 people by GfK NOP in the wake of Tuesday’s emergency budget reveals that almost 40% of British motorists are considering buying a new car in the next year However, the budget announcement to increase VAT to 20% will drive people to the forecourts earlier, particularly middle to high income earners. The tax…
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