Budget Response June 2010

Neville Briggs, managing director, CFC Solutions, said: "There are a few points in here that are better news than fleets might have expected – for example, no rise in fuel duty – but overall the Budget is every bit as tough as we had been warned. The question is whether the more swingeing moves such as the 20% increase in VAT will inspire businesses to work successfully within a new atmosphere of austerity or tip the economy towards something close to a double dip recession. It’s very much down to all UK businesses to make sure that the latter doesn’t happen. The accent for fleets will very much be on increasing still further the level of cost control that has been achieved since the start of the recession while getting the most out of existing assets, and we will be working very closely with them to help achieve this."