A fork in the road

There are few political questions as vexed as how to tax hard-pressed motorists. For many years, the Treasury has treated British drivers as a cash cow, levying high taxes while investing relatively little in the road network. Now, however, things are changing rapidly. The take-up of electric vehicles and the upcoming ban on new petrol and diesel cars presents a big fiscal headache for the Government. How will they replace all that fuel duty revenue in a world where far fewer people are driving gas-guzzling vehicles? Thankfully, we at the Centre for Policy Studies have the answer, as this week's guest - our Energy and Environment Researcher, Dillon Smith - sets out in a new report this week. Stay informed with CapX's unmissable daily briefings from the heart of Westminster. Go to capx.co to subscribe. Hosted on Acast. See acast.com/privacy for more information. Get full access to The CapX Briefing at briefing.capx.co/subscribe