Yes, we breathed a collective sigh of relief over the decision to continue the freeze on fuel duty – although the RHA (Road Haulage Association), FTA (Freight Transport Association) and others made clear their disappointment that an economy-boosting 3p a litre duty reduction wasn't countenanced. So, hardly an ace.
And yes, those same voices railed against George Osborne's decision to dismiss financial and structural measures to support our industry in recruiting and training truck drivers – despite his apparent recognition of the issue in the Spring Budget. Double fault.
But, despite initially welcoming his pronouncement that proceeds from the revised VED (vehicle exercise duty) scheme will be ring-fenced to revive the UK's crumbling road infrastructure, some now question its detail. How can it be right to lavish incentives on pure electrics at the expense of 'premium' plug-in hybrids and other ULEVs (ultra-low emission vehicles), which will be taxed similarly to high polluting vehicles? Evident anomalies like this – and that training levy on large companies – are raising eyebrows. Two double faults.
Returning to commercial vehicles, however, governmentmeasures are already in place to support R&D – though less uptake – for lower-emission drivetrains. Indeed, Britain is very well served in this regard, with innovations accordingly impressive for everything from CV range extenders to boosters for engine downsizing/downspeeding, and diesel conversions (page 20). Unquestionably an ace.
The issues for most in our low-margin sector, however, remain confidence and ROI. Take heed George. If you think you need 'new balls', next month's IRTE Conference will serve up some crackers.