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This week saw the first AM Live-NFDA event held in Milton Keynes. The event was extremely well attended, with a wide variety of workshops and exhibitors. NFDA chairman Mark Squires presented the latest results of the Consumer Attitude Survey, please find more information in today’s news.
Next week, the Rt Hon Philip Hammond MP, Chancellor of the Exchequer, will deliver the Autumn Statement, where he will outline his priorities for taxes and spending in the wake of Brexit. On 6 October, the NFDA submitted a letter to the Chancellor with a number of policy requests to safeguard the interests of our sector. According to ‘rumours’, a freeze in fuel duty is amongst the policies under consideration. There has also been talk of investments in infrastructure, including rail and roads. It seems unlikely that Mr Hammond will cut corporation tax to 15%, as Osborne had planned, but might cut it to 17% by 2020.
The European Automobile Manufacturers’ Association (ACEA) revealed that while the overall EU new passenger car registrations stabilised in October, the UK, with an 1.4% increase on last year, saw one of the top three growth rates amongst the largest markets. Please see more details below.
Next Friday the NFDA Autumn Roadshow will take place at the Warwick Hilton. Updates and presentations from CMA, FCA and post-Brexit legal guidance are on the agenda. Contact firstname.lastname@example.org to register and for full details.
NFDA is your trade body, if you need any assistance, clarification or advice, please contact us on the member helpline 01788 538303.
Sue Robinson, NFDA Director