To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of transferring the proceeds of vehicle excise duties raised in the Greater London Authority area to London local authorities.
10 January 2019
The government has committed to hypothecate Vehicle Excise Duty (VED) in England from 2020-21 into the National Roads Fund (NRF), providing long-term certainty for roads investment. This will be used to maintain the country’s main arterial routes and enhance national road connectivity.
Devolving VED to London would undermine the purpose of the NRF to deliver nationally significant schemes across the strategic road network, including those in London such as the M25 and some recently announced Major Road Network candidates which will also be funded by the NRF.