Live revision! Join us for our free exam revision livestreams Watch now

In the News

Travel Tax plan to fund better roads in the UK

Geoff Riley

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 youngest-ever winner of the Wolfson Economics Prize is interviewed here

More reaction here

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.