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Having reached a monumental £41.6bn in 2001, the Treasury can expect to have raised yet more in 2002, as 2001 saw 2.46 million new cars leave the showroom.
Christopher Macgowan, chief executive of the Society of Motor Manufacturers and Traders, described 2002 as a year of giving to 11 Downing Street and said this would not change in 2003.
‘Chancellor Gordon Brown can look forward to another sackload of cash, courtesy of the motor industry and motorists,’ he said.
Of the £41.6bn raised in 2001, £22.6bn was made up of fuel duty, according to Customs and Excise data.
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