Fuel Duty and VED should be scrapped, argues Wolfson winner

A recent graduate from UCL has won the 2017 Wolfson Economics Prize, a £250,000 Prize that posed the question ‘How can we pay for better, safer, more reliable roads in a way that is fair to road users and good for the economy and the environment?’

A recent graduate from UCL has won the 2017 Wolfson Economics Prize, a £250,000 Prize that posed the question ‘How can we pay for better, safer, more reliable roads in a way that is fair to road users and good for the economy and the environment?’

The Wolfson Economics Prize invites entrants from around the world to propose original, well-argued and informed solutions to big national challenges, with the aim of bringing forward fresh thinking to help develop practical policies.

The 70+page winning entry ‘Paying For Road Use Could be Miles Better’ argues that to restore trust between politicians and motorists, fuel duty and VED should be scrapped and replaced with a simple and fair distance-based charge that also captures road and environmental impacts.

 

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