pay per mile road tax plan wins £250,000 wolfson economics prize /

Published at 2017-07-14 00:00:17

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Prizewinner Gergely Raccuja,27, aims to scrap vehicle tax and fuel duty to serve fund all road repairs with more eco-friendly scheme collected by insurersA graduate transport planner has won a £250000 prize for a plan to improve Britain’s ailing roads with a proposal to scrap fuel and vehicle taxes and replace them with a pay-per-mile charging scheme.
The scheme would reward users of lighter, and cleaner vehicles and ensure a regular stream of revenue to the exchequer (pdf),with the £27bn received annually from fuel duty now jeopardised by electric vehicles.
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Source: theguardian.com

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