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Campaign for Better Transport issues pre-Budget brief on spending and taxation on transport
8th October 2007
Adding to the news late last week that £16bn will be invested in the cross-London rail link, the Campaign for Better Transport sets out in a briefing what the Spending Review and Pre-Budget Report due this week might mean for transport spending and taxation.
The Campaign expects an interim report from Professor Julia King, who is conducting a review for the DfT and Treasury on “decarbonising road transport”. Some possibilities for the spending review include:
A purchase tax on new cars with high charges for gas guzzlers and low or even negative charges for low emission vehicles. The Conservatives’ quality of life commission suggested this as a “showroom tax”, and a leaked paper in the Sunday Times said that this was being seriously considered by the Treasury.
As an alternative to this, higher vehicle duty: previous budgets have raised the tax on high emission vehicles but only to £400 a year (the industry according to the Campaign says it would need to be £2,000 a year to make a real difference)
More company car tax reforms, including changing car allowances for business use of private cars to reflect fuel efficiency and emissions.
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