Briefing

Plugging the fiscal black hole: transport’s revenue raising potential

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Date:

19 September, 2024

Summary

The transport system is not paying its fair share of tax at a time when the nation’s finances are under severe pressure. Transport tax reform could help to rebuild rather than compound the government’s financial challenges. We have modelled reforms that have the potential to generate additional revenues of £23 billion in 2030 and £34 billion in 2035, all while pursuing the urgent need incentivise lower carbon travel. In this briefing we also identify those road building projects which are poor value for money and so should be scrapped in favour of alternative high value investments.

For more information, contact:

Johann Beckford, senior policy adviser: jbeckford@green-alliance.org.uk

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