Economics
In the News
Travel Tax plan to fund better roads in the UK
16th July 2017
Should vehicle excise duty and fuel duty be replaced by a distance-travelled tax on motorists - paid in proportion to the distance people drive each year?
The idea has won the annual Wolfson Economics Prize which this year asked people to come up with a plan to help fund better, safer, more reliable roads in a way that is fair to road users and good for the economy and the environment.
It is a classic question over whether we should have user-based charges (or taxes) for road vehicles and which system is both equitable and efficient?
Gergely Raccuja - a 27 year old graduate from UCL and a transport planner - is the winner of the prize and his proposals are discussed here on the BBC news website. Find out more about "Miles Better: by clicking on the tweet below from the Wolfson Prize.
The 2017 winner of the Wolfson Economics Prize is Gergely Raccuja with his entry 'Miles Better'. #WEP17 pic.twitter.com/GzIM5sRAAR
— 2017 Wolfson Prize (@WEP2017) July 13, 2017
The youngest-ever winner of the Wolfson Economics Prize is interviewed here
He won @WEP2017 Economics Prize for idea for a distance based charge to replace fuel and road tax. Gergely Raccuja told me more @BBCBusiness pic.twitter.com/xDsZnYPfcH
— Susannah Streeter (@StreeterNews) July 14, 2017
More reaction here
Congratulations to @UCLpress graduate & @Ameyplc employee Gergely Raccuja for winning @WEP2017 Economics Prize. We're proud to have helped pic.twitter.com/nYJf2hQbcq
— RAC Foundation (@racfoundation) July 13, 2017
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