TCH Leasing

The Chancellor of the Exchequer, Philip Hammond, announced his Spring Statement 2018 on 13th March 2018. Within the speech, he vowed to improve business rates with a review of VED rates for green commercial vehicles.

The Spring Statement gives an update of the British economy and the forecasts from the Office for Budget Responsibility (OBR). During this Statement, progress since the Autumn Budget 2017 was addressed, including an increase for forecasted growth for this year.

During the Autumn Budget, it was announced that £1.7 billion would go towards improving transport in English cities. As a part of this, current air pollution is becoming a growing issue. Following a huge increase in diesel tax, and incentivised clean taxis, the Chancellor aims to encourage van drivers to go green.

See how it will affect you here:

% of  P11D 2017/18 2018/19 2019/20 2020/21
Price CO2 (g/km) CO2 (g/km) CO2 (g/km) CO2 (g/km)/electric mileage range
0 N/A N/A N/A N/A
2 N/A N/A N/A 0-50 (zero emission or 130 miles+)
5 N/A N/A N/A 1-50 (70-129 miles)
7 N/A N/A N/A N/A
8 N/A N/A N/A 1-50 (40-69 miles)
9 0-50 N/A N/A N/A
10 N/A N/A N/A N/A
11 N/A N/A N/A N/A
12 N/A N/A N/A 1-50 (30-39 miles)
13 51-75 0-50 N/A N/A
14 N/A N/A N/A 1-50 (under 30 miles)
15 N/A N/A N/A 51-54
16 N/A 51-75 0-50 55-59
17 76-94 N/A N/A 60-64
18 95-99 N/A N/A 65-69
19 100-104 76-94 51-75 70-74
20 105-109 95-99 N/A 75-79
21 110-114 100-104 N/A 80-84
22 115-119 105-109 76-94 85-89
23 120-124 110-114 95-99 90-94
24 125-129 115-119 100-104 95-99
25 130-134 120-124 105-109 100-104
26 135-139 125-129 110-114 105-109
27 140-144 130-134 115-119 110-114
28 145-149 135-139 120-124 115-119
29 150-154 140-144 125-129 120-124
30 155-159 145-149 130-134 125-129
31 160-164 150-154 135-139 130-134
32 165-169 155-159 140-144 135-139
33 170-174 160-164 145-149 140-144
34 175-179 165-169 150-154 145-149
35 180-184 170-174 155-159 150-154
36 185-189 175-179 160-164 155-159
37 190+ 180+ 165+ 160+


Mr Hammond stated that he would help commercial and fleet drivers with the VED review, which would reduce expenses for the greenest commercial vehicles. Those who choose eco models will be rewarded with lower road taxes. Citroen, Nissan, Peugeot and Renault offer electric vans, and the new PHEV Ford Transit will be released next year.

In a further bid to reduce carbon emissions, the Chancellor announced changes to capital allowances for companies who buy cars. The restrictions will affect only cars with high emissions, following the legislation that leasing companies are ineligible to claim 100% first year tax allowance on cars. Companies can write down the full cost of vehicles up to 50g/km against their taxable profits. 

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This week, we were shocked to learn how many drivers continue to use handheld devices while driving. Even though tougher penalties on using mobile phones behind the wheel were introduced last year, RAC Business research shows some scary statistics on how many traffic incidents are being caused by commercial driving.

The research that was released by RAC Business surveyed 1000 UK businesses, and claims that 15% of business admitted that their drivers are ‘often’ involved in accidents while using a mobile phone, while 5% said that it happened ‘on a regular basis’.

It also seems that the businesses themselves are partly at fault for these figures, as it emerged that 38% of businesses expect their commercial drivers to answer calls while on the road, which rises to 49% in businesses of between 500 and 1000 employees.

While using mobile phones behind the wheel is illegal, the use of hands-held devices is not. Therefore, with legally-compliant hands-free devices, commercial drivers could easily take calls while out on the job and avoid any danger. The RAC report did show that 70% off businesses provided these for their drivers but, in light of this research, it is clear that that figure needs to be higher.

RAC have their own Be Phone Smart campaign, which discourages the illegal use of mobile devices while behind the wheel. Learn more about the campaign on the RAC website

The road safety campaign Think! are also launching their own radio, social media, and other adverts in honour of the first anniversary of the raised penalties for using a mobile phone while driving. These adverts are intended to raise the awareness of the risk of using handheld devices behind the wheel.

Following a steep decline of dedicated traffic officers in recent years, police are arguing for more traffic officers to enforce road traffic laws, and are encouraging the use of modern technology such as dashcam footage to catch drivers who break the law.

According to data from the Home Office, the total number of specialist road officers across all forces has fallen from 5,634 in 2010 to 4,934 in 2017. These figures show the need for a new approach to road policing, ensuring that more trafficking offences are seen and dealt with.

Members of the public are continuing to upload footage from dashcams and rear cameras of dangerous and unsafe drivers, allowing police officers to catch the offenders.

According to RAC’s Report on Motoring 2017, drivers’ biggest concern is other drivers’ use of handheld devices. A member of the National Police Chiefs Council believes the UK could have the safest roads if the drivers had a genuine fear of being caught.

With tougher penalties introduced by the government for using mobile phones whilst driving, the amount of people has encouragingly dropped from 31% to 23%, but this decline was more amongst drivers who admitted to occasional usage rather than frequent users, admitting that they don’t expect to be caught if they break driving laws.

With serious enforcements in place, more drivers could be put off using their phones while driving, making the roads safer for all drivers.

We’ve been taking a look at the new INRIX 2017 Global Traffic Scorecard, which measured levels of traffic and congestion around the world throughout 2017.

INRIX analysed traffic congestion in 1,360 cities, and we learned some interesting facts about traffic and congestion in the UK.

  • The UK ranked in the top ten most congested countries in the world, and the third most congested country in Europe, behind only Russia and Turkey
  • London was found to be the seventh most congested city in the world
  • The most congested road in the UK was found to be the A406 Northbound, heading from Chiswick roundabout to Hangar Lane. Drivers spent 56 hours in congestion along this route last year
  • Drivers spent an average of 31 hours in congestion during peak hours last year
  • The total cost of congestion (both directly and indirectly) came to more than £37.7 billion, or an average of £1,168 per driver

Most Congested Cities

We’re pretty sure you’ll be unsurprised to learn that London was found to be the most congested city in the UK for the 10th year in a row, making it the seventh most congested city in the world. In comparison to the UK average of 31 hours spent in peak-time congestion, drivers in London were caught in congestion for an average of 74 hours during peak hours last year.



Peak Hours Spent in Congestion

Average Congestion Rate (%)









































Traffic Improvements

We’ve seen the UK cities with the worst congestion, but what about the most improved since the 2016 data? Scottish cities have made the biggest improvements from 2016, with Aberdeen cutting peak-time congestion by 20%, Glasgow by 15%, and Edinburgh by 10%.

So, what can we learn from these cities and their improvements? The biggest trend among improvements was the completion of road improvement projects. This brings two benefits in that the work itself is designed to improve traffic flow, and that the roadworks themselves have finished, taking with them the extra congestion.

A great example of how these road improvement projects decrease congestion is the project along the M8. M73 and M74 motorways that run between Glasgow and Edinburgh. The project cost £500 million but, on average, has cut journey time by 20 minutes.

Research has shown that the economic uncertainty due to Brexit is leading more consumers and businesses to lease vehicles rather than purchasing. These uncertainties combined with changes in the fuel situation make it unclear how vehicle values will change in the near future.

So, why is leasing considered to be less of a risk during this time? Leasing a vehicle comes at a fixed cost, so there won't be any sudden changes in price or payments. Added to this is the fact that the user never owns the vehicle, and therefore doesn’t need to worry about selling the vehicle in order to afford a newer vehicle in the future.

Business Leasing

When it comes to business vehicles, this risk of purchasing is heightened. If a company is buying a larger number of vehicles for their business, this financial risk becomes huge. Another bonus of companies leasing their vehicles is that acquisition, admin, maintenance and servicing can also be included within their fleet needs.

At TCH Leasing, we offer fleet management and outsourcing management to help businesses to deal with every aspect of fleet hire.

Fuel Changes

It is difficult to forecast the future of vehicle trends, especially with the shift away from diesel vehicles that has happened across the past year. These changes have occurred rapidly across the new car market, and have begun to affect the fleet market as well.

With the growing popularity of electric and plug-in hybrid vehicles, it is uncertain how consumers will see petrol and diesel vehicles in the coming years. Because of this, consumers are sticking to the safety of leasing vehicles, which allows them the flexibility of a fixed term contract, rather than committing to purchasing a vehicle.

The market has been slowly shifting towards leasing over the years but there may be a greater shift at this time due to these uncertainties. To find out more about leasing and fleet hire, contact TCH Leasing.

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