Speeches

Daniel Zeichner – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Daniel Zeichner on 2015-11-18.

To ask Mr Chancellor of the Exchequer, if he will hypothecate revenue generated from Vehicle Excise Duty to local roads maintenance from 2017.

Greg Hands

All revenue generated through English VED from 2020-21 onwards will be used to fund the English strategic road network. This will ensure the Government can issue a second Roads investment Strategy for the period 2020-25, to follow the first strategy published at Autumn Statement 2014. Investment in our local road network will be set out as part of the Spending Review.

In the period before 2020-21, VED revenues will continue to go to the Consolidated Fund which support general expenditure on public services including spending on local roads.