Region: West Midlands

Miles Better – a Wolfson Prize Winning Idea
 
The 2017 Wolfson Economics prize asked “how can we pay for better, safer, more reliable roads in a way that is fair to road users and good for the economy and the environment?”
 
Join us at this event to hear from the winner, Gergely Raccuja, about his idea.
 
Gergely proposes to scrap Fuel Duty and Vehicle Excise Duty and replace them with a simpler and fairer distance-based tax which also captures road and environmental impacts, meaning that the lighter and cleaner your vehicle is, the lower the per mile charge. Crucially, the charge will be collected by insurers who already manage all data necessary for calculating the charge; when a driver pays their insurance, they’ll also pay their ‘road bill’, thus avoiding issues of privacy and reducing administration costs.
 
The system will boost investment in roads and prepare us for a new generation of electric and autonomous vehicles. The Office of Rail and Road (ORR) will ensure drivers are treated fairly by setting the base charge and overseeing that a certain proportion (20-30%) of the proceeds are ring-fenced for spending on both the “Major Road Network” and the “Strategic Road Network”, pledging a “pothole-free Britain” within 5 years. Treasury wins too; as with both the number of vehicles on the road and total vehicle mileage projected to grow, government revenue will rise over time. This will stop and reverse the growing loss to the Treasury from falling fuel duty, estimated at an extra £2.3m a day.
 
 
This event is open to members and non members
 
Date: 1st November 2017
Time: 17:30 for a 18:00 start (closes at 19:30)
Venue: Amey, International Design Hub, The Colmore Building, 20 Colmore Circus, Birmingham, B4 6AT
 
Light refreshments will be provided
 
To reserve a place please use the link below:
 
For other details contact:
 

Return to event listing

Upcoming Events

CIHT Annual Conference 2018 - Highways: Change, Innovation and the Future

8 March 2018

The fifth CIHT Annual Conference takes place in London on Thursday, 8th March. The CIHT day-long conference is designed around knowledge sharing interactive sessions, industry leading speakers...

CIHT Awards 2018

CIHT Awards 2018

14 June 2018

The CIHT Awards Dinner & Ceremony will take place at the De Vere Grand Connaught Rooms in London on Thursday, 14th June 2018. The awards are a celebration of the highways and transportatio...

A14 Improvement and the Application of BIM to a Major Highway Project

7 March 2018

  Date: 7th March 2018 Time: 1800hrs (refreshments) for 1830hrs start Venue: Bedford TBC Cost:‘free to attend’ for members and non-members ...

Collaborative Delivery of the A14 Improvement Scheme

16 May 2018

  Date: 16th May 2018 Time: 1900hrs following EoE AGM Venue: Cambridge Golf and Conference Centre, Hemmingford Abbots, PE28 9HQ Cost: ‘free to attend’ for members a...

South West Region Annual Conference and Dinner 2018

22 February 2018

Join us in Torquay for the South West region's Annual Conference and Black Tie Dinner. Date: Thursday 22nd February 2018 Venue: The Grand Hotel, Torquay, Sea Front, Torbay Road, Torquay...