From the economists’ point of view at least. Road pricing per mile – and per time of travel – is efficient. It prices both the costs of the roads and also congestion etc. Bonzer.
There are, to be polite, certain civil liberties conncerns. And we might imagine that it would be used to price off the roads, not to efficiently price.
But, to the economist, Bonzer Idea. Then there’s that politics:
Sadiq Khan plotted £2-per-mile charge to drive in London
An insane number.
The UK taxes derv and petrol correctly right now. That 50p per litre is, in fact, probably too high. Yes, including all the climate change bumph, too high. When we include congestion then it might be just about right. -Ish.
OK. But we’re talking of something like 5 to 10 miles per litre. On which the correct tax charge is that 50p. Khan is muttering about £10 to £20, not that 50p.
Which brings us back to hte politics of this, not the economics. For all the joy at per mile being efficient what happens when the rate is set by a cunt?
Which is rather the problem with schemes cooked up by economists and implemented by politicians…..