Incorporate it into a higher rate of VAT.
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Still one of the highest rates in Europe Paul
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fuel duty is very regressive - hitting the poorest hardest.
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Untrue. The poorest can't afford cars. It hits the not-quite-poorest-but-still-poor hardest.
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And missing a great opportunity to price carbon when oil prices fall. Really short-term thinking.
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Paul Can you calculate how much better off we would be as an economy if we had not had this nonsensical decision for the past 9 years?
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What sort of fuel duty would we have if we abolished VED, and made it cost-neutral for an average vehicle (40 mpg?) doing average annual mileage (10k)? Has anyone proposed or modelled such a policy?
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Might we start with reintroducing the Fuel Duty Escalator?
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FOTDM, innit.
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It is a welcome measure when one lives in a rural area.
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