
Crawford Henderson
467 posts







The Scottish Government has been confirmed as high investment grade, by two global credit rating agencies. This matches the UK and better than Spain, Italy and Japan. First Minister @JohnSwinney will announce next steps for our government’s Bonds programme tomorrow.






🚘 EXCLUSIVE 🚘 A new pay-per-mile tax will be unveiled in the Budget for electric cars which will kick in from 2028 It will cost the average eco driver £250 a year and longer-distance travellers much more than that It will be levied at 3p per mile on current Treasury plans. (The equivalent of £12 for an EV drive from London to Edinburgh.) The measure will be framed as one of fairness. Fuel duty - which doesn’t affect electric cars - costs 6p a mile on average It’s also needed to fill a growing black hole in the Treasury numbers from plummeting fuel duty revenues as people switch from petrol to electric The Treasury will likely play down the pay per mile element. It is being dubbed ‘VED+’ and is an annual charge to be paid alongside Vehicle Excise Duty. No journey monitoring by cameras or anything. But each year drivers of EVs and hybrids will need to estimate how many miles they will travel that year and pay a price directly linked to mileage. It is the start of a huge potential change in the taxation of cars, from at the pump to by the mile. It’s been long debated. Now Rachel Reeves will grasp the nettle by announcing a consultation at the Budget. Up to 6 million people will be driving EVs when the new charge starts in 2028. It opens the door in the future to all cars eventually being taxed per mile. And what about enforcement? Could drivers one day be made to prove miles traveled? Lots of policy detail in @Telegraph scoop, read on link below. Will be a big talker. The Treasury declined to comment on Budget speculation. telegraph.co.uk/politics/2025/…


















