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EN
Hit drivers with pay-per-mile tax to fix Budget, Reeves urged
['Tue', 'Sept', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Drivers should be taxed for every mile they travel to help Rachel Reeves fix a hole in Britain’s public finances, a leading think tank has urged.
The think tank has proposed a system to hit drivers with an annual tax plus another fee of between 3p and 9p per mile driven.
It’s feared the Chancellor will have to raise as much as £30bn in taxes in her November Budget.
Taxing drivers per mile could raise up to £20bn per year for the Government, the Resolution Foundation suggested.
The Resolution Foundation estimates the changes would raise £2bn per year by the end of the decade, £10bn in 2035 and £20bn per year by 2040.
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