Fleet News

Emergency budget: industry comment

Responding to the emergency Budget, Julian Rose, Head of Asset Finance at the Finance & Leasing Association said:

“We called for the Government to maintain sensible investment incentives for businesses and to remove the existing bias against leasing in the tax system. On balance, today’s Budget slightly exceeded our expectations by making only a modest cut in capital allowances and reducing Annual Investment Allowances that weren’t available for leasing.  With a Green Paper on business finance to be published before the summer recess, there is the opportunity now for the leasing industry to show how asset finance can support economic recovery.”


Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee