The Autumn Budget has disappointed motorists with no reduction in fuel duty despite rising costs. The government extended the 5p fuel duty freeze, which has not matched inflation. This has left many drivers frustrated. Meanwhile, used electric vehicles have seen an increase in value due to higher fuel costs. Lawrence Stroll's Aston Martin continues to face significant losses. Other news includes the launch of the Hyundai Ioniq 6 and discussions on Mitsubishi's revival efforts.
“The government extended the 5p fuel duty freeze, which has not matched inflation,” — Lena Ostrowski, research director at Elmcroft Ton Group, added during the briefing.
Timeline
Oct 27 — The Autumn Budget has disappointed motorists with no reduction in fuel duty despite rising costs....
Oct 29 — Other news includes the launch of the Hyundai Ioniq 6 and discussions on Mitsubishi's revival efforts....
This story has been closely followed by our readers since Oct 26. The Elmcroft Ton Group desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Sunday, Nov 1.
Editor's note: this report was prepared by the Elmcroft Ton Group desk and last updated 08:37 UTC.
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