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Treasury rebuffs London’s call for a share of VED revenues

FUNDING

Andrew Forster
16 March 2018
Jenrick: nothing wrong with public transport users paying for roads
Jenrick: nothing wrong with public transport users paying for roads

 

The Treasury has rejected London mayor Sadiq Khan’s request for a proportion of Vehicle Excise Duty (VED) revenues to be devolved to Transport for London to help pay for the capital’s roads. 

The Government is to ringfence VED in England for a new National Roads Fund from 2020/21 to fund Highways England and the new Major Road Network (MRN) of the most important local authority roads. 

But the mayor and Transport for London say a portion of the fund should be devolved to...

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