So we have the first coalition government since the one with Churchill at the helm that was formed at the beginning of the Second World War.

But Autocar’s main concern is how it will affect motoring over the next five years of what seems to be a fixed five-year parliament.

Early reports say that the new coalition will concentrate on reducing the UK’s horrific overdraft, which sees us borrowing the same amount this year as is raised in income tax by the Treasury.

These reductions will not just be a simple axing of public spending, it will have to be a mix of cuts and tax rises.

From my point of view, I’d say the omens are not too good. Both PM Cameron and deputy PM Clegg push fairly ‘green’ policies, especially in terms of ‘carbon taxes’, something that the Liberal Democrats are especially keen on.