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Fleets told to "tear up" existing company car policies following Budget

By / 7 years ago / Latest News / No Comments

He explains: 'Employers have the upper hand given the economic situation. With many jobs under threat now is the optimum time to review choice lists and make changes without employee conflict.

'There can be no degree of certainty as to what tomorrow's car policies will look like. However, pro-active, forward thinking businesses have already embarked on a programme of change and are reaping long-term financial dividends without any impact on operational effectiveness.'

Wholesale changes recommended by Fleet Support Group include longer replacement cycles, the introduction of cheaper vehicles and the end of financially creative company car opt-out schemes.

The company also says as that the shake-out from the June Budget continues, there may be longer-term effects.

Mr Bray commented: 'The markers are down and boundaries are being drawn. As the fine detail of June's Budget measures start to be considered by finance directors, economists and financial institutions we will gradually see what impact the Budget has in reality.

'No one can predict with certainty what shape tomorrow's fleet policies will be. But with a new business model being constructed there needs to be experience behind the wheel that delivers a return to basics where common sense strategies prevail based on the core principles of: knowledge, thinking policies through and calculating their impact. Retaining the status quo is unlikely to be achievable in the ongoing economic climate.'

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