Road pricing should not be a ‘post-covid cash cow’, says IEA expert
Mark Littlewood writes for The Times
Christopher Snowdon writes for CapX
Professor Philip Booth responds to road pricing proposals
“The Treasury is right to examine nationwide road pricing, something which should have been introduced when the Smeed Report recommended it in 1964. However, it is important that road pricing properly reflects the cost of road use and varies with the amount of congestion at any particular time: at some points in the day, the correct price for road use is zero.
“It is also important, if road pricing is introduced, that the opportunity is used to encourage the building of roads by private providers and, indeed, that the privatisation of existing roads is considered.
“It is vital that the Treasury uses road pricing to ensure that road space is better used, congestion reduced and more roads are provided. It should not be a post-covid cash cow.”
Notes to editors
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Professor Philip Booth is available for interview and further comment.
For further IEA reading on road pricing, click here.
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