UK: Cautious welcome to UK Budget from motor industry
The Society of Motor Manufacturers and Traders today welcomed the Chancellor's Pre-Budget statement which set out the government's commitment to the motor industry in the UK. Christopher Macgowan SMMT chief executive commented, 'We are pleased that the Chancellor has provided greater incentives to buy cleaner fuels with cuts in Ultra Low Sulphur Fuels, which will take effect in 2001. In offering a discount to business users of Euro 4 compliant vehicles, the Chancellor now recognises the advances made in diesel technology.
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