Good news – in a nice change from all the usual doom and gloom, the government has announced that the cost of getting a driving licence is being slashed!
From October 31st 2015 the price of getting a provisional driving licence drops from £50 to £34 which will prove a big help to youngsters who don’t have it easy when it comes to driving costs.
More than this though, all driving license fees will drop by 32% as part of the government’s commitment to giving savings back to the taxpayer, and is estimated to save drivers £150 million over the next ten years.
Compulsory ten year online renewals (yes, compulsory… read our article here on how to avoid a fine) will drop from £20 to £14 and the fee for driver tachograph cards (which lets businesses see how far their staff have been driving) will fall from £38 to £32.
A million people apply for a first licence each year, 77% of which are between the ages of 18-24, and the fee drops will save new drivers £82.8 million over ten years. 2.1 million licences are renewed every year, meaning motorists will save £61.3 million over the next decade on renewals.
Even more good news, the DVLA are now reviewing other fees including vehicle first registrations and duplicate registration certificates, so further savings may be on the way!
To save more money read our article on how to cut the cost of driving.