IAM RoadSmart’s reaction to the Spring Budget.

PRESS STATEMENT

FOR IMMEDIATE RELEASE - 06 March 2024

IAM RoadSmart’s reaction to the Spring Budget.

IAM RoadSmart Director of Policy and Standards Nicholas Lyes said: “We welcome the Chancellor’s commitment to keeping fuel duty down at a time when motorists’ biggest concern is the cost of running their vehicle.

“We’re disappointed there was no support within the budget to help younger drivers with the spiralling costs of motor insurance. The Chancellor should have considered a cut to Insurance Premium Tax (IPT) for drivers under 25 who are facing sky-high premiums in excess of £2,000.”

Notes to editors:

Press Contacts:

Rebecca Dundon – Press Officer Rebecca.Dundon@iam.org.uk

Nicholas Lyes – Policy and Standards Director Nicholas.Lyes@iam.org.uk

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About IAM RoadSmart

IAM RoadSmart is the UK’s largest road safety charity. It has a vision of a society where all road users can safely and sustainably use the public highways together. It does this through a range of means including advanced driving and riding tests. IAM RoadSmart was formed in March 1956 and has over 75,000 members that supports its campaigns on road safety. At any one time there are over 7,000 drivers and riders actively engaged with IAM RoadSmart’s courses.

To find out more about IAM RoadSmart products and services visit: www.iamroadsmart.com