Road pricing may have to accelerate as green cars hit fuel tax revenues

BusinessGreen staff
clock

Think tank predicts low carbon cars could drive a £13bn hole in tax receipts by 2029

It is the perennial problem presented by green taxes: if they are successful they lead to diminishing revenues for the Exchequer as people switch away from the polluting behaviour that attracted environmental...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Taxation

'Volatile and uncertain': Why declining oil and gas revenues pose a threat to Scotland's finances

'Volatile and uncertain': Why declining oil and gas revenues pose a threat to Scotland's finances

Institute for Fiscal Studies think tank assesses the impact of declining oil and gas tax revenue forecasts on Scotland's income compared to that of rest of UK

Michael Holder
clock 28 March 2024 • 7 min read
Tax cuts are not enough to deliver green growth

Tax cuts are not enough to deliver green growth

The Autumn Statement was a missed opportunity to remove barriers holding back the UK's green economy, writes UK Corporate Leaders Group's Beverley Cornaby

Beverley Cornaby, UK Corporate Leaders Group
clock 24 November 2023 • 3 min read
Autumn Statement: Five key takeaways for green businesses

Autumn Statement: Five key takeaways for green businesses

Chancellor Jeremy Hunt put major tax cuts, green manufacturing support, and grid planning reform at centrepiece of his new economic strategy - but will it be enough to revive the UK's sluggish economy?

Cecilia Keating
clock 22 November 2023 • 16 min read