A new way to fund the UK’s road network has been proposed, promising increased transport funding and lower road tax for motorists.
The scheme suggests charging drivers a low fee for each mile they drive, called Road Miles. The initial plan would be to give motorists 3,000 ‘free’ miles each year then charge them for going over that, with disabled motorists and those who live in rural areas given concessions.
The proposal also suggests auctioning naming rights for major motorways to generate revenue, selling ‘Road Miles’ to manufacturers to give away with new car purchases and running a lottery to hand out free miles to lucky winners.
The Road Miles scheme has been proposed by AA president Edmund King and his wife, economist Deirdre King. It has been announced as a finalist in the running for the Wolfson Economics Prize of £250,000, which claims to be “the second largest economics prize in the world after Nobel”.
— Edmund King OBE (@AAPresident) April 27, 2017
Speaking of the proposal, Edmund King said: “I think the biggest problem with the road network is the congestion, environmental issues and also the way we pay for it. So we need a new radical system to pay for roads, but also to improve our roads.”
“It’s a fun way of paying for roads. Motorists will pay less than they currently do, and the road network will have more money to invest.”
As the uptake of low-emission vehicles continues to increase, funding from vehicle excise duty and fuel duty will continue to decrease.
Under new rules introduced on April 1 this year, vehicle excise duty for cars registered after that date will be £140 per year. The first year of registration carries a one-off sum calculated based on the car’s CO2 emissions.