On my Google Finance, there’s a summary of an article in The Telegraph:
Government faces £13bn black hole from fuel duty slump
The Chancellor will need to plug a £13bn black hole in tax revenue by 2029 as efficient hybrid and electric cars gain in popularity and cause a slump in fuel duty receipts.
Perhaps, just perhaps, we’re getting a wee bit ahead of ourselves on that one. Hybrids and electric cars exist as prototypes that have yet to prove commercial viability. Let’s not worry about lost tax receipts on something that doesn’t even exist yet.
This seems to be one of those occasions where you can be better informed by not reading newspapers.
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