road individuals are now paying four times more money to Chancellor George Osborne in motoring taxes than is being spent by the government on roads, according to research study by the RAC Foundation.
The motoring research study charity discovered that in 2012 a overall of £30.7billion was increased from direct motoring taxation; £24.8bn from fuel duty as well as £5.9bn from vehicle excise duty (VED). However, in the exact same year just £7.5bn (24 per cent of motoring tax income) was spent on the road network, with £3bn spent on national roads as well as £4.5bn on regional roads.
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That figure was down on the previous year, too, where the government got £30.9bn from motorists, however invested £7.9bn on preserving the road network.
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In fact, from 2008 to 2012, the government spent an typical of just 28 per cent of what they got in motoring taxes on the UK roads. professor Stephen Glaister, RAC foundation director, said: “Over the past five years the space between the Chancellor’s earnings from motoring tax as well as what he spends on roads has widened sharply.
“At the exact same time, the pothole backlog has been growing as well as regional authorities are warning that costs commitments on social care as well as environmental services mean there will be even less money offered to preserve our highways in the future.”
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All taxes go into a central fund, so money made of motoring might be utilized on whatever from healthcare to education. A Treasury spokesperson told us: “At budget plan 2014 we revealed the £200million Pothole Fund for regional authorities, to repair a prospective 3.2 million potholes across England. This is the latest in a series of announcements which will see more than £24billion spent on England’s strategic road network between 2010 as well as 2021 – the biggest upgrade to our roads in over 30 years.”
Interactive chart of public road expenditure as well as taxation in the UK
Should your vehicle Excise duty money be more focused on road repairs as well as improvements? let us understand in the comments section below…