Reports: Downing Street considering toll road network as EV switch threatens fuel duty revenues

Michael Holder
clock • 3 min read
The M6 operates the only current toll road in Britain | Credit: iStock
Image:

The M6 operates the only current toll road in Britain | Credit: iStock

Surging petrol costs and accelerating shift to electric vehicles has reportedly prompted Downing Street to finally look at how it can tackle anticipated reduction in tax revenues

Plans to help plug the looming hole in government revenues from fuel duty as motorists switch to electric cars over the coming decade are now being discussed in Downing Street ahead of tomorrow's Spring...

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 developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now Try 7 day trial

 

Already a BusinessGreen
member?

Login

More on Taxation

Credit: iStock

'A sticking plaster': The green economy reacts to Energy Profits Levy and household bills support

Green business figures, campaigners, politicians, academics and energy experts give their verdict on the government's windfall tax U-turn

BusinessGreen staff
clock 26 May 2022 • 15 min read
Chancellor Rishi Sunak visits a petrol station after annoucing a freeze in fuel duty | Credit: Treasury, Flickr

Reports: Sunak orders plan for windfall tax on power companies and oil and gas producers

Propposed levy set to extend beyond oil and gas firms and include a tax on the earnings of electricity generators benefitting from soaring prices, according to government insiders

Cecilia Keating
clock 24 May 2022 • 4 min read
'Inevitable and sensible': Public support builds for road pricing proposals

'Inevitable and sensible': Public support builds for road pricing proposals

New report from Social Market Foundation argues shift towards road-pricing would prove more effective than fuel duty and could help tackle cost of living crisis

James Murray
clock 16 May 2022 • 4 min read