He commented: “The promises to invest more in research and development of low emission vehicles and in driverless vehicle testing demonstrate a commitment to helping Britain become a leader in vehicle innovation and technology which can only be beneficial to our motorists and fleets.

“The news that company car tax will increase at a slower rate than planned is a welcome bonus to the businesses who rely on these vehicles to keep their operations running efficiently and I’m pleased to see small business rate relief extended once again.

“Fuel duty continues to be a key subject of discussion and the announcement that the planned September increase has been cancelled is particularly encouraging for both Britain’s motorists and the many businesses for which fuel is one of their biggest operating expenses.

“On the whole we are in a positive economic position. Companies are growing and developing, consumer confidence is increasing and it’s important that this continues. Of course, the election in less than two months’ time could change everything so it’s vital the Government ensures the necessary measures remain in place to keep the wheels of our economy turning.”