The FT's focus on #taxation has moved on to the taxation of motoring;
As they point out (currently) zero-rated #electricvehicles count for around one in six car sales & #fuelduty accounts for around 2% of all Govt. revenue; with no other changes the shift to EVs erodes the UK effective tax base.
FT's solution is mile/road pricing. To manage this shift they suggest running the two systems in parallel with the latter managed via EV's internal software reporting.
Q. is: who could sell this idea?
#taxation #electricvehicles #fuelduty
"The cuts and freezes in fuel duty since 2010 means the UK’s carbon dioxide (CO2) emissions are as much as 7% higher than they would have been, Carbon Brief analysis shows.
The analysis comes after a spring budget that once again froze fuel duty instead of increasing it in line with inflation, as well as maintaining a supposedly temporary 5 pence-per-litre cut"
#FuelDuty #ClimateEmergency #CarbonBrief #UKPolitics
https://www.carbonbrief.org/analysis-fuel-duty-freezes-have-increased-uk-co2-emissions-by-up-to-7/
#ukpolitics #carbonbrief #ClimateEmergency #fuelduty
If you cut £380m from active travel, but don't claim £6bn by increasing fuel duty, you're not doing it to "balance the books". It's #carbrain ideology that screws over everyone who needs or wants to travel without a car.
#UKBudget #Budget2023 #ActiveTravel #FuelDuty #Motornormativity
#motornormativity #fuelduty #activetravel #Budget2023 #ukbudget #carbrain
No money for teachers, nurses, and doctors, but the #fuelduty cut that benefits Range Rover drivers stays in place and costs the public £6 billion.
This is the choice made by the Chancellor in the #ToryBudget
RT @greenmattbfd
🪙 The freeze in #FuelDuty has cost the UK taxpayer ≈ £66 billion since 2010.
🚙 People on higher income benefit more from cuts to fuel duty
🚌 If they really want to help lower income families, the government would do more to improve #publictransport
https://www.smf.co.uk/revealed-cutting-fuel-duty-helps-the-rich-not-white-van-man/
RT @greenmattbfd
Not sharing this nonsense from The Expr*ss but this needs calling out:
Myth: Putting up #fuelduty "Would harm the lower-income families the most."
Fact: The lowest income families don't have access to a car because they can't afford one.
⛽ Chancellor urged to extend fuel duty cut as drivers face ‘pump price shock’
Reverting or increasing tax could push petrol and diesel prices beyond March 2022 levels, the RAC has warned
#uk #news #politics #petrol #diesel #fuelduty
#rishisunak “expresses his gratitude” for #nhs staff and #nurses. That’s ok then. Will it help them with the #economic crisis (#electiricty, #fuel #fuelduty) #strikes. How far are we from a national strike?
#rishisunak #nhs #nurses #economic #electiricty #fuel #fuelduty #strikes
#rishisunak “expresses his gratitude” for #nhs staff and #nurses. That’s ok then. Will it help them with the #economic crisis (#electiricty, #fuel #fuelduty) #strikes. How far are we from a national strike?
#rishisunak #nhs #nurses #economic #electiricty #fuel #fuelduty #strikes
... even 30p a litre increase would still make pump prices a lot less for the motorists and the money won’t end up in shareholders pockets … it’s a disgrace that they were quick enough to put up the prices , but no one seems interested in reducing them to where they ought to be!
#autumnstatement #Budget #fuelduty #fuel
#autumnstatement #budget #fuelduty #fuel
AFAIK Carlton Reid is not on Mastodon so linking to his Forbes article instead - "23% Fuel Duty Hike Starts March 2023 But Not Mentioned In U.K. Chancellor’s Autumn Statement" - https://www.forbes.com/sites/carltonreid/2022/11/17/23-fuel-duty-hike-starts-march-2023-but-not-mentioned-in-uk-chancellors-autumn-statement/?sh=212b20cc2ee7