Citation

Discussion Paper Details

Please find the details for DP15153 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: Transport policy for a post-Covid UK

Author(s): David M G Newbery

Publication Date: August 2020

Keyword(s): fuel taxes, infrastructure investment, Road pricing and transport policy

Programme Area(s): Public Economics

Abstract: Transport policy needs reform. Future Government investment and fiscal policy needs re-orienting to stimulate the economy after the Covid-19 lock-down. Prices used in project appraisal must include all external effects, committing to proper social cost-benefit analysis. In consequence, fuel duty rates need to be more than doubled as a prelude to proper road pricing. Transport investment needs to be increased even with proper road pricing and more allocated to walking and cycling, guided by benefit-cost ratios, following Eddington's recommendations. The paper gives five reasons for raising fuel duty rates, more on diesel than petrol, and estimates the desired levels.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=15153

Bibliographic Reference

Newbery, D. 2020. 'Transport policy for a post-Covid UK'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=15153