Red diesel available until Nov 2008

Budget report today reveals timetable

Leisure boaters will be able to use low-duty red diesel until November 2008

The Treasury released the news as part of today’s Budget.

Their statement says: “The Government will implement the changes required on 1 November 2008, after further consultation with industry about the best way to minimise the longer-term compliance burden on the sectors concerned.”

The exact manner of how the complicated change will be managed has yet to be decided, but today’s news means the Government and the industry have time to develop a workable solution.

MBY’s news editor Rob Peake said: “This is longer than we might have expected and gives boaters and the industry a chance to prepare for the price rise.”

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For more on the story see the coming issue of MBY.