Road pricing should not be a ‘post-covid cash cow’, says IEA expert
Professor Philip Booth responds to road pricing proposals
Responding to reports that the Treasury is considering a new national road pricing scheme, IEA Senior Academic Fellow Professor Philip Booth said:
“The Treasury is right to examine nationwide road pricing, something which should have been introduced when the Smeed Report recommended it in 1964. However, it is important that road pricing properly reflects the cost of road use and varies with the amount of congestion at any particular time: at some points in the day, the correct price for road use is zero.
“It is also important, if road pricing is introduced, that the opportunity is used to encourage the building of roads by private providers and, indeed, that the privatisation of existing roads is considered.
“It is vital that the Treasury uses road pricing to ensure that road space is better used, congestion reduced and more roads are provided. It should not be a post-covid cash cow.”
Notes to editors
For media enquiries, please contact Emily Carver, Head of Media, on 07715942731 or email@example.com.
Professor Philip Booth is available for interview and further comment.
For further IEA reading on road pricing, click here.
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The IEA is a registered educational charity and independent of all political parties.
Latest News from
IEA - UK health outcomes would be better without the NHS, finds new paper05/08/2021 10:35:00
If the UK matched Australia’s survival rates – or even just met them halfway – thousands of additional lives would be saved each year, says IEA research
IEA - Labour’s ‘Green New Deal’ is “a plan for privileged jobs for the few” at the expense of the many05/08/2021 09:35:00
Andy Mayer, Chief Operating Officer at free market think tank the Institute of Economic Affairs, commented on Labour’s plans for a ‘Green New Deal
IFG - Refusal to make education contingency plans during the pandemic "unforgivable"04/08/2021 12:15:00
The government's failure – indeed refusal – to make contingency plans for schools and exams in the summer of 2020 is the most “unforgiveable aspect” of its handling of education during the coronavirus pandemic, says a new report by the Institute for Government.
Work Foundation - What does the Labour Party’s new deal campaign mean for working people?29/07/2021 10:35:00
With insecure work having increased over recent years, the nature of work and the delivery of ‘good work’ is shaping up to be a key political battleground, one that will undoubtedly be contested up to the next general election. This week, the Labour Party has launched a New Deal for Working People campaign in its first major policy announcement following the last election.
Civitas - Towards Strategic Coherence: Reform proposals following ‘Inadvertently Arming China?’28/07/2021 13:10:00
A Civitas report, Inadvertently Arming China? in February this year revealed the widespread sponsorship of scientific research centres in UK universities by Chinese military-linked conglomerates and universities. It found research at some of these centres is being sponsored by the British taxpayer.
JRF - UK heading for the biggest overnight cut to the basic rate of social security since World War II27/07/2021 12:35:00
JRF issues stark warning to MPs about the looming cut to Universal Credit at the start of the parliamentary summer recess.
Civitas - Curbing of free speech linked to universities with inflated diversity grievance bureaucracies – half of all universities have some form of anonymous reporting service27/07/2021 11:35:00
There is a strong connection between universities with inflated diversity bureaucracies and those that limit speech more generally on campus, researchers at Civitas find in a survey of academic freedom at universities.
'These results should not make for complacency': The King's Fund response to the Office for National Statistics report into ethnic differences in life expectancy27/07/2021 10:35:00
Veena Raleigh, Senior Fellow at The King’s Fund, commented on the Office for National Statistics report into ethnic differences in life expectancy and selected causes of death between 2011 and 2014
Pay is important, but it is not the only factor contributing to high staff turnover: The King's Fund response to the NHS staff 3 per cent pay rise22/07/2021 14:35:00
Richard Murray, Chief Executive of The King’s Fund, commented on the government’s decision this evening to offer NHS staff a 3 per cent pay rise, as recommended by the independent Pay Review Body