The “This is Money” web site have published a very good article on how the ULEZ charge is generating large amounts of tax money for the Mayor and TfL in London. It reports, based on data obtained by the AA, that the Mayor raked in £107 million in the first year of the ULEZ. See link below for the article.
We pointed out when the ULEZ charge was first proposed that this was about raising money for TfL to plug a big hole in their budgets. It was not primarily about improving the health of Londoners as claimed because any cost/benefit analysis indicates it is very poor value for money. See Reference 2 below for links to past articles.
With the ULEZ expanding in October and likely to affect another 300,000 drivers of older vehicles, the tax income raised will grow exponentially.
This is basically an attack on car drivers, particularly those who cannot afford to buy a new car, such as the elderly or poor.
Implementing the expanded ULEZ will cost £130 million in capital expenditure and by 2030 the expected benefit in reduced emissions is forecast to be zero as the vehicle fleet changes. But will the taxes ever be removed? We doubt it.
In reality the Mayor will plead poverty as he regularly does and the ULEZ and Congestion Charges will increase.
Reference 1: This is Money article: https://www.thisismoney.co.uk/money/cars/article-9792587/London-rakes-107m-extra-ULEZ-zone-expands-14-weeks.html
Reference 2: FFDF Articles on the ULEZ: https://www.freedomfordrivers.org/environment
You can “follow” this blog by clicking on the bottom right in most browsers or by using the Contact page to send us a message requesting. You will then receive an email alerting you to new posts as they are added.