LONDON, May 28, 2012 /PRNewswire/ --
MotorQuoteDirect has been looking at the effect the set fuel increase is having on the public as there's been an increase in "green" car purchases.
Fuel prices are going to increase by 3p in August, however, many of us are opting to purchase "greener" cars as a way of saving those precious pennies. This move has been encouraged by the Government as it means, as a country, we will be lowering our carbon footprint.
So far it all sounds positive; people are buying more economical cars to save money and in the process save the planet. Does this sound too good to be true? Joe de Vries, of MotorQuoteDirect, a top car insurance provider, has stated that "in the latest Budget, what most people didn't recognise was that the Government said they will consider the prices we all pay for our car tax to ensure that all motorists continue to make a fair contribution to the sustainability of the public finances."
This means they need a way of recovering the money they are going to lose by people needing less fuel as more and more of us are purchasing more eco-friendly vehicles. The way they are going to do this is by hiking the prices up for car tax as well as fuel.
The Office of Budget Responsibility has said that in the next 3 years there will be a shortfall of £700 million. This is why they feel that they need to increase prices for car tax to an extra £20 per motorist.
MotorQuoteDirect is part of Bedford Insurance Services, if you would like more information or to receive a quote for your car, simply visit the website.
Joe de Vries