Autumn Budget opportunities for UK transport

October 30th will see the new government deliver its first Budget. Transport accounts for 29% of the UK's greenhouse gas emissions and many parts of the sector are severely undertaxed. The Atumn Budget then provides an opportunity to reduce emissions, raise revenue, and invest in the green technology solutions of the future.

Aviation and shipping are not subject to taxation on fuel and the shipping sector does not pay for its emissions. Fuel duty has been frozen for 14 years and UK Vehicle Excise Duty (VED) as shown by T&E analysis has the UK’s acquisition tax on an average petrol sports utility vehicle (SUV) placed the 19th lowest out of 23 studied European countries.

Fiscal events like the Budget arethe perfect opportunity to starts making polluters pay. Doing so will raise valuable revenue that can surpercharge this government's growth agenda.