Orders of the Day — Car Tax (Abolition) Bill

Part of the debate – in the House of Commons at 7:30 pm on 25th November 1992.

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Photo of Mr Anthony Nelson Mr Anthony Nelson , Chichester 7:30 pm, 25th November 1992

I agree that that is important. Fortunately, the car industry—especially now—is extremely competitive. I note that some car dealers are already announcing substantial reductions in the offer prices of their cars. They are not mentioning the abolition of car tax but are taking the benefit for themselves. I am happy to enable them to do so by that marketing technique. There are certainly reductions in the price of new cars, which will be invoiced. Clearly no car tax will be added. I imagine that there will be an impact on the second-hand car market, where there is a differential all the way down the line. It decreases the more that the value of a car diminishes.