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Road taxes, road user charges and earmarking

Abstract:

The UK Road Fund was set up in 1921 and financed by earmarked taxes, but was unsuccessful as a form of road finance and abandoned in 1937. The paper examines why earmarking failed and what problems arise for replacing road taxes by hypothecated road charges. These charges would need to be regulated and could evolve into a more efficient system of road pricing. The paper claims that recent experiences with regulating capital-intensive network industries make road user charging and the commerci...

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Publication status:
Published
Peer review status:
Peer reviewed

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Institution:
University of Oxford
Division:
SSD
Department:
SOGE
Sub department:
Transport Studies Unit
Role:
Author
Publisher:
Institute for Fiscal Studies Publisher's website
Journal:
Fiscal Studies Journal website
Volume:
20
Issue:
2
Pages:
103-132
Publication date:
1999-06-01
DOI:
EISSN:
1475-5890
Subjects:
UUID:
uuid:0d5679f8-72a9-410d-9e11-862a39f498fe
Local pid:
tsu:10368
Deposit date:
2014-11-25

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