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Aside from the ~£30b raised in fuel taxes, there's also the ~£6b raised in vehicle excise taxes. Both of those revenue streams go into a government general fun
by zaroth 7y ago
Aside from the ~£30b raised in fuel taxes, there's also the ~£6b raised in vehicle excise taxes.
Both of those revenue streams go into a government general fund and are not allocated specifically for road maintenance, because they collect about 3x what is actually spent on highway & road infrastructure each year. [1]
In short, the roads & highways are massively profitable.
London's buses however, lose nearly ~£1b a year, which tanks the entire public transportation budget, and more than offsets the profit generated by the Underground.
[1] - https://www.racfoundation.org/data/road-user-taxation-highways-spending-data-chart https://www.racfoundation.org/data/road-user-taxation-highwa...
- bmsleight_ 7y ago"revenue streams go into a government general fund" Yes but not to TfL, who has to fund this via Tube income.
- zaroth 7y agoTfL actually received ~£3b in subsidies in 2018. That's compared to total gross income from the LU of £2,799m. > The total of resource and capital grants receivable by TfL in 2018/19 amounted to £3,016m (2017/18 £2,477m). [1] Total expenditure on roads of £539m, minus Congestion charges of £230m, means that subsidies received by TfL (covered by fuel duty & VED revenues) exceeded TfL road maintenance costs by £2,707m. The LU does not subsidize the roads. It's actually the other way around. The net-subsidy (a.k.a government's net loss) on the LU is calculated at 9.7p per person-km, compared to a net-taxation (a.k.a government's net income) of 3.8p per person-km for driving. [1] - http://content.tfl.gov.uk/tfl-annual-report-and-statement-of-accounts-2018-19.pdf http://content.tfl.gov.uk/tfl-annual-report-and-statement-of... (See Page 126)