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Chancellor considering plan to charge motorists for every mile they drive to fund 40bn tax deficit

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The Chancellor Rishi Sunak is reported to be considering plans to charge motorists for every mile they drive in Britain as a means of filling a £40billion tax deficit created by the move to electric cars. UNN’s Oliver Down understands that Sunak is considering the plan of a national road pricing scheme with other sources describing him as ‘very interested’ in the idea which would create a new ‘pay-as-you-drive’ system for motorists. 

A similar type of scheme was proposed by a Labour government but was halted in 2007 amid a fear that drivers could be charged up to £1.50 a mile. The petition calling for the scrapping of the proposals was signed by 1.8million people. However, a scheme extremely similar to that is now back on the table amid fears that the impending switch to electric vehicles will leave a massive tax shortfall because of the hit Fuel Duty and Vehicle Excise Duty.

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These reports have been emerging as well as reports that Boris Johnson wants to bring forward a ban on the sale of new petrol and diesel cars to 2030. The current target is for this to happen in 2040, however, many of those closest to the Prime Minister are expecting this to be brought forward at least 5 years and potentially 10. 

UNN’s Oliver Down is expecting a number of announcements as early as this week from Boris Johnson as he looks to acceleration his green agenda.  

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