Distance-based road charge collected by insurers wins £250,000 prize

A 27-year-old graduate transport planner has won this year’s Wolfson Economics Prize with a plan to replace fuel duty and vehicle excise duty with a distance-based charge collected by insurance companies

The proposal is not road pricing in the traditional sense, says Gergely Raccuja, because the charge would not vary between more and less congested locations

The proposal is not road pricing in the traditional sense, says Gergely Raccuja, because the charge would not vary between more and less congested locations

The Wolfson Economics Prize is billed as the most significant economics prize after the Nobel Prize and the £250,000 prize money is certainly not to be sniffed at. So there was huge interest in transport circles last year when prize sponsor, Lord Wolfson of Apsley, announced that the question for 2017 would be: ‘How can we pay for better, safer, more reliable roads in a way that is fair to road users and good for the economy and the environment?’ 

An esteemed set of...

Subscribe today to read this article in full...

Benefits of subscribing to TransportXtra: Transport Intelligence Package & TransportXtra.com

• Includes full online access to TransportXtra.com and searchable archive

• Essential reading for public and private sector transport professionals in the UK and beyond

• Stay ahead of the competition – hear it first

• Written by leading experts in the transport industry

• Additional publications throughout the year covering specific subjects Active Travel Directory, Loveable Neighbourhoods and Data and Modelling

• Access to our webinar library

• Full access to the 50,000 article archive

• Tailored E-bulletins

Magazine + Online

Pay Monthly

£12.00

Fixed Term

1 year, 1 user £100.00 1 year, 2 users £190.00 1 year, 5 users £400.00

 

Online Only

Pay Monthly

£16.25

Price shown ex VAT. Monthly subscription amount charged monthly to registered card.

Fixed Term

1 Year Subscription £130.00 30 Day Subscription £30.00 90 Day Subscription £60.00

Invoice option available on fixed-term subscription. Subscriptions begin from receipt of payment.