Jakes de Kock

Jakes de Kock is Sales and Marketing Director at leading fuel card reseller The Fuelcard Company.

Motoring tax misery

Tue, 20/12/2011 - 15:22 | Jakes de Kock

The latest official figures, released last week, show that our Government takes a whopping three times more motoring taxes than is actually spent on our roads.
In 2010, fuel taxes raised around £27bn for the Treasury with £5bn of that coming from the vehicle excise duty (VED) that we pay. But today’s figures – released by the Department of Transport (DfT) – show that just under £9.5bn was spent on local and national roads combined. So where’s the other £17bn-odd going?