Grand theft auto: The most glaring example of this black hole comes in another key This stark Treasury Graph aspect of the net zero plan: transitioning from petrol to electric cars. As the Telegraph’s Ben Riley-Smith notes, fuel duty and vehicle excise duty generate £37 billion in tax revenue.sinks by 2030 and then completely falls off a cliff by 2050. The HMT doc is clear that “motoring taxes will need to keep pace with these changes during the transition,” suggesting the government is planning huge new road taxes on electric cars. The FT’s Jim Pickard, Camilla Hodgson and dataset Nathalie Thomas report that “most experts believe that the government will have to introduce road pricing to replace the tax revenue lost from the switch to electric cars but the Treasury document avoids any mention of this.”
Tax bombshell: This stark Treasury Graph
The Treasury is up front that net zero means tax rises for Britons. A line in the Treasury doc warning that “if there is to be additional public investment to support decarbonisation. It may need to be funded through additional taxes or reprioritised from other areas of government spending. Makes a lot of the running in today’s papers. The Times‘ Oli Wright. Henry Zeffman and Chris Smyth splash on the tax warning, contrasting Chancellor Rishi Sunak’s more gloomy realism with. Johnson’s upbeat claim that Britain will meet its emissions targets “without so much as a hair shirt in sight.”
One more fight … that Playbook
picked up on during conversations with Tory MPs yesterday is over the government’s bold plan to make it harder for. Mortgages to be offered for badly insulated homes. (Sam Coates got the scoop on that on Tuesday.) Multiple Tory MPs expressed unbridled rage to Playbook over this threat, with one comparing it to the cladding scandal that has seen people left with huge bills in homes they can’t sell. They insisted there was whatsapp filter no way Johnson would get this policy through parliament as “every non-payroll home-owning Tory MP will vote against it.”
Squeezed middle:
Issues like the mortgage proposal may to some extent be the product of No. 10 and. No. 11 trying to triangulate their climate policy between a bold green agenda and protecting. The economy, with the potential pitfall of ending up upsetting why was the remote work format chosen? everyone. The Green Alliance’s Sam Alvis tells Playbook that concerns over whether the strategy goes far enough on things like heat pumps actually “go hand in hand” with fears over new red tape and taxes.