'£35bn black hole': MPs call for urgent reform to motoring taxation

Cecilia Keating
clock • 4 min read
Car use has increased every year for 70 years, apart from a pandemic-induced blip | Credit: iStock
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Car use has increased every year for 70 years, apart from a pandemic-induced blip | Credit: iStock

Transport Committee chair declares it is 'time for an honest conversation' about road pricing, as report warns that accelerating switch to EVs will lead to plummeting revenues that could impact funding for critical public services

The government must act now to prevent the transition to electric vehicles (EVs) burning a major hole in UK tax revenues that could see public services defunded and road congestion soar, MPs have warned....

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More on Taxation

Government confirms renewables windfall tax plan, delays business support decision

Government confirms renewables windfall tax plan, delays business support decision

Treasury yesterday published technical note finalising details of its controversial new levy on clean electricity generators, sparking fresh warnings tax could undermine green investment

James Murray
clock 21 December 2022 • 5 min read