Phillip Hammond, the current chancellor of the exchequer, announced the 2017 budget recently. As ever, drivers are affected for both the better and the worse. We have broken down the key points below to show how this new budget will impact on you.
Freeze on Fuel Duty
Let’s start with some good news for the UK’s 37 million drivers: fuel duty in the UK has been frozen for the 8th year running. Many of us will remember the runaway petrol prices which punctuated the early 2000s, which impacted so heavily on drivers and businesses. The freeze
After much speculation and debate, the changes to the law around using a mobile phone whilst driving have finally been implemented and were unveiled alongside a new, hard-hitting advertising campaign.
Prior to March 1st, getting caught on your phone at the wheel could land you with three penalty points on your license, and a fine of £100. But as of the 1st, the punishment has now doubled to a £200 fine and six points on your license.
For new drivers, this can mean automatically losing their license, as at least one young driver discovered yesterday, Metro reported. The 19 year old was the first person in the UK to lose their license following the introduction of the new harsher penalties. (more…)
As the April announcement of the 2017 budget looms, landlords are very concerned about further possible changes to tax relief which would have a big impact on their rental income.
The first wave of changes was implemented in 2015, and affected mortgage interest relief and stamp duty land tax on the finances of landlords, ultimately meaning that landlords would be paying higher tax and therefore have a lower income available.
As a way of beating these changes, more than 100,000 landlords have since formed limited companies, because these new rules do not apply to limited companies.
This went hand in hand with an increasing intention on the part of landlords to apply for commercial loans as a way of funding the expansion of their property portfolios. Although these loans are available to regular landlords, it is far easier to apply if you are a registered limited company. (more…)
Being a taxi driver can be a great career choice, as it allows you to be your own boss, in an office that has constantly changing scenery, and exposes you to loads of different people every day. You can find out more here about becoming a taxi driver in the UK here. But what are some of the hardest parts of being a cab driver?
The vast majority of the time, taxi fares will be polite, courteous, and happy to cough up the cash at the end of the journey. However, there is always the chance that you will end up dealing with a difficult customer, and sometimes it is not easy to know the best way to cope in these situations. (more…)
Across the world, technology continues to advance at an alarming rate. Things that a few years seemed like a distant, futuristic fantasy are now just part of our day-to-day lives. Although they have yet to perfect the jetpack, there is one piece of travel tech which is on the cusp of being made available commercially: autonomous vehicles.
Experts predict that by the 2020’s fully autonomous cars could be a common site on UK roads, and that by this point the vehicles will be ‘connected’. This means they can share information and communicate with other autonomous vehicles, with the aim being to reduce accidents and ease traffic and congestion. (more…)
A new year can be a great incentive to implement some changes in your life. Maybe that means getting in shape, or finally getting all the odd jobs round the house done. Or perhaps it means an even bigger change, such as pursuing a new career or really pushing yourself in your current one.
For many black cab drivers, this dilemma takes the form of debating whether or not to work for a taxi firm, or to go self-employed and try to make it on your own. Every cabbie you speak to will have their set of reasons why they prefer a firm or self-employment, and all are equally valid. New taxi drivers can find it quite an overwhelming choice, and even for older drivers sometimes change can still be a scary thing.
Here are some important factors for you to bear in mind if you are considering going self-employed as a black cab driver.