The cost of living crisis is affecting everyone, with the likes of shopping and energy bills going up for millions across the UK.
Some people may be eligible to receive financial help but for others this is not always possible.
However, in a bid to help ease the strain, UK Transport Secretary Grant Shapps has suggested reducing the need for an MOT renewal to every two years rather than every year.
READ MORE - Glasgow petition launched to erect memorial to 'Witches of Pollok' in Pollok Park
According to the Express, Number 10 said the Prime Minister wanted to explore "innovative ways" to ease living costs with proposals being sent to the Government’s domestic and economic strategy committee for further discussion.
This move would follow suit with Northern Ireland who proposed changing the rules around MOT tests to every two years.
Currently, every vehicle that is three years old or over must have a current MOT certificate, which drivers must renew once a year. The maximum cost for a car MOT is said to be £54.85 whilst road users need to pay £29.65 for an MOT test for a standard motorcycle.
According to the BBC, Mr Shapps wants to look into the possibility of extending renewal times to help drivers, with many on social media pointing out that changing the rules to having biennial MOTs would save drivers just £27.43 a year.
How much you should be spending on your MOT
Drivers will be aware that MOT costs are an unavoidable expense, however whilst the price can vary from garage to garage, the maximum amount MOT test stations are currently allowed to charge depends on the type of vehicle and is set by the DVLA.
So is there a way to tell if you're being overcharged, and will the axing of annual MOTs help drivers in the long run?
Jack Cousens, head of roads policy at the AA, said drivers would ultimately lose out, especially if they need repairs.
He explained: “Though well intended, moving the yearly £55 spend on an MOT to every two years could make costs worse for drivers with higher repair bills, make our roads more dangerous and would put jobs in the garage industry at risk.
“Only recently the Government stepped away from switching the MOT to every two years on the grounds of road safety. While AA polling shows overwhelming support from drivers who like the security that an annual health check provides.
“The MOT now highlights major and dangerous defects too, showing how important it is to keep cars in a safe condition. Rather than fiddling at the edges, drivers would rather see pump price transparency to revive competition on the forecourts or expanding Park and Ride schemes so drivers can avoid higher inner-city driving costs.”
Downing Street have said that the committee would meet "in the coming weeks to finalise the proposals" with the PM's official spokesman stating that Chancellor Rishi Sunak "underlined the importance" of not fuelling further inflation during the cabinet meeting, and that departmental budgets "are set" with no plans to currently go beyond these limits.
In response to the plans, Sir Ed Davey, leader of the Liberal Democrats, said the proposals showed the Prime Minister was “completely out of ideas during the most profound crisis in decades".
It comes as Labour warned of a £10 billion hike in annual petrol and diesel costs, with "soaring" prices putting the squeeze on household budgets.
