Southport, Lord Street c.1955
Photo ref:
S160012

More about this scene
1955 was the first year that home sales of UK manufactured cars exceeded the 500,000 mark; imports also more than doubled to over 11,000 vehicles. It was an ideal time for Southport's motorists to invest in a new car; income tax was reduced by 6d in the pound, and waiting-lists for new cars had virtually disappeared. But in November 1955 the Chancellor suddenly increased purchase tax on new cars to 60 per cent, and restrictions on credit were brought in on hire purchase agreements - deposits of 15 per cent, and only 24 months in which to pay off the balance.
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A Selection of Memories from Southport
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