The mayor of London should be granted powers to implement a ‘London vehicle ownership duty’ that would replace Vehicle Excise Duty, says capital business group London First and consultant Arup.
The proposal is one of four ideas suggested in a report looking at how TfL could reduce its long-term circa £2bn a year funding gap (LTT 08 Jan).
“Replacing VED for all vehicles registered in London would allow the level of tax to be set by the mayor, and incentivise...
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