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MPs are to investigate if the way the UK approves the road worthiness of cars is “fit for purpose”.
It follows the Volkswagen emissions scandal in which some diesel cars had software fitted designed to cheat emissions tests. Parliament’s Transport Committee said it would look into whether arrangements for testing noise, performance and emissions met EU standards. The Vehicle Certification Authority oversees approval of UK vehicles.
The Financial Times
Small business owners who want Britain to leave the EU cite red tape, immigration and foreign competition as their main reasons for favouring “Brexit”, a survey has shown. Three thousand entrepreneurs have signed up to support Leave.eu, a group pressing for the UK to quit the EU in the forthcoming referendum on membership.
The Chancellor should leave businesses alone in his forthcoming Autumn Statement, giving firms time to deal with several major changes introduced already this year including the new living wage, according to the accountancy trade body, The ICAEW. Ahead of George Osborne’s speech on his latest plans for the economy on November 25, the Institute of Chartered Accountants in England and Wales said businesses were still wading through a series of reforms announced in his post-election Budget in July
Volkswagen’s market share in Europe declined in October, the first full month of sales since the company’s emissions-cheating scandal became public. The German manufacturer accounted for 25.2pc of new-car registrations in the region last month, compared with 26.1pc a year earlier, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said. Carmakers’ sales across Europe rose 2.7pc to 1.14 million autos, slowing from a 9.8pc jump in September, as demand at Volkswagen fell 0.8pc.
Big retailers are turning their backs on Black Friday. Asda has said it is dropping out of Black Friday this year, joining Argos, Primark, Oasis, John Lewis and Mothercare in either cancelling the day of sales, or reducing their participation in the day. Argos is offering deals every Friday in November to try and spread out sales, while John Lewis is sticking to its standard offer of never being beaten on price and offering a few electricals deals on the day.
The Daily Express
A survey of 500 young drivers by the RAC has found that 56% underestimated the average £810 cost of insuring a car for a 25-year-old, expecting to pay £750. Things are even more expensive for 18-20-year-old drivers, who have to pay an average of £972 a year – which is nearly three times as much as the £367 premium for the average UK driver.
The Daily Mirror
A Vauxhall Zafira owner whose car was destroyed by fire has been hit with a hike in her insurance bill. Paula Compton was driving the vehicle when the glove box started “glowing”. She stopped as smoke poured from the front of the vehicle but, within minutes, it had caught fire and was engulfed by flames.