The Government plans on investing nearly £30 billion in Britain’s road network from 2020-2025 according to it’s 2018 Budget.
Chancellor Phillip Hammond revealed details about the £28.8 billion National Roads Fund which will be funded by the public’s vehicle excise duty payments (VED or ‘road tax’ as most of us know it). The fund will be used to repair and maintain our existing roads and could possibly pay for the construction of new motorways and other major roads.
£420 million has been set aside to be used by local councils this financial year to “tackle potholes, repair damaged roads, and invest in keeping bridges open and safe”. Adding to this, a further £150 million will be spent on improving junctions on local roads. This will include the building of extra roundabouts and other similar road features.
Having been ‘ring-fenced’ for spending on infrastructure. it’s the first time the road tax we pay the Government is guaranteed to be spent on the upkeep of these roads – very good news for motorists.
Other announcements included money to be spent on developing new bus, tram and cycling routes, “next-generation methods of transport” such as self-driving shuttle services and a freeze on fuel duty for the ninth consecutive year.
Are you happy with the Government’s announcement that all road tax will be spent on the upkeep of our roads or do you still feel more needs to be done to improve the country’s road network? Let us know in the comments section below or via our Facebook and Twitter pages.