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
Notes
"Published 10 August 2020"
"Submitted 08 August 2020"
Bibliography
Includes bibliographical references (page 11)
Notes
Description based on online resource; title from http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=15153 viewed November 15, 2021
