Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to the Answer of 9 September 2019 to Question 287534 on Roads: Repairs and Maintenance, what his policy is on the hypothecation of Vehicle Excise Duty to roads spending.
Revenue raised through English Vehicle Excise Duty is being reinvested into the English road network between 2020-2025 to fund road enhancement projects including the second Road Investment Strategy (RIS2), which is the largest ever investment in England’s motorways and A Roads.
Spending Review 2021 confirmed £24 billion of strategic roads investment between 2020 and 2025 and over £8 billion investment for local roads maintenance and enhancements over this Parliament to fill millions of potholes a year, resurface roads and repair bridges, as well as delivering vital local road upgrades.
Spring Budget 2023 also provided an additional £200m in 23-24 to maintain and improve local roads. This increase will enable local authorities in England to fix more potholes, complete resurfacing, and invest in major repairs and renewals, such as keeping bridges and major structures open. The increase is expected to fix the equivalent of up to four million additional potholes across the country.