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Pot Holes, should we pay more?
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By (user no longer on site) OP
over a year ago
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Was listening to the radio today and the topic was pot holes, apparently the Treasury received £40 billion in income last year from VAT & Duty on fuel but the government does not consider this income should cover road repairs and in particular pot holes.
They were saying that a further 1p - 2p added should raise a further billion that could be used to repair potholes.
The Treasury only receives roughly 81% of what we pay at the pumps so how can they seriously pay for repairs out of this, we should pay more so that pot holes are repaired to prevent damage to vehicles and potential fatalities
Fuel Escalator
This fuel escalator forced prices up from one of the lowest in Europe to now one of the most expensive. When it was first added, fuel prices rose by 3 pence a litre and tax contributed to 72.8% of the total cost. By 1997 the escalator had added 11.1p to the cost of unleaded petrol and was at 75%. It didn’t get any better when the conservatives left office and Gordon Brown took over, as the escalator increased and 3 pence was added per litre. This took tax up to an incredible 81.5% of the total price of fuel.
Looks like we in the UK are going to have pot holes and poor road conditions for a long time to come.
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By (user no longer on site) OP
over a year ago
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Taxes and charges specific to road users
Fuel duty 24.9
Vehicle Excise Duty 5.4
Tolls (bridges, tunnels, M6 Toll, etc) 0.3
London congestion charge 0.3
Total specific to road users 30.9
General taxes paid by road users
VAT on fuel 6.8
VAT on vehicle sales 6.9
Insurance premium tax 1.0
Company Car Tax and Fuel 2.5
Benefit Charge
Total general taxes 17.2
Total paid 48.1
Based on the above report, road users contributed over £48 billion to the Exchequer in that year.
some interesting reading:
http://www.racfoundation.org/motoring-faqs/Economics
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"Road tax is for road repairs we aint america"
Ooh, folk knowing about VED, we must have lots of fellow cyclists on the forum  . As above, Road Tax was abolished in 1937 and VED goes into general taxation; it's not ring-fenced for roads.
I'd gladly pay more tax for better road quality though, probably up to 10% more income tax. The problem with taxing at the pumps is that it's subject to a demand curve. |
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By (user no longer on site)
over a year ago
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"Road tax is for road repairs we aint america
Ooh, folk knowing about VED, we must have lots of fellow cyclists on the forum . As above, Road Tax was abolished in 1937 and VED goes into general taxation; it's not ring-fenced for roads.
I'd gladly pay more tax for better road quality though, probably up to 10% more income tax. The problem with taxing at the pumps is that it's subject to a demand curve."
10% more income tax!!!  |
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By (user no longer on site)
over a year ago
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I feel that as motorists, we already have our pants taken down financially. There should some way of ensuring least some, or more of the VED paid actually fires goes towards the repair and upkeep of the roads we use. Over the past five years or so, the condition of a lot of public roads has deteriorated drastically & little seems to be being done about it.
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