Transition to electric cars will mean £25bn a year in fuel duty disappearing from government coffers, so what are the alternatives?While the chancellor, Rachel Reeves, grapples with the parlous £40bn funding gap in Britain’s finances, another £25bn of annual revenue is revving up to disappear into the sunset.As the Treasury knows all too well, turning cars electric will spell the end of that great money-spinner fuel duty. But no one appears ready to grab the wheel and tax motoring in a different way. Continue reading...
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