Road Fact 2000 published by the British Road Federation claims £35bn was collected by the Treasury in fuel duty and vehicle tax discs in 1998-99. However, it says only £5bn was spent on roads.
BRF director Richard Diment said: ‘The gap between how much the government taxes road users and how much it reinvests back into the network continues to grow, as congestion gets worse and the condition of the network deteriorates. At the same tme many of the external costs associated with road use are falling.’
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals