Commenting in advance of David Cameron’s speech today, Dr Richard Wellings, Deputy Editorial Director at the Institute of Economic Affairs, said:
“Introducing road tolling and private ownership is long overdue. Britain’s roads are chronically under-funded. Taking baby steps down the path of freeing up the system to allow investment will help, but only marginally. The kind of investment and innovation we need requires proper privatisation of roads. Motorists also need an assurance that other taxes will be cut so they don’t just end up paying twice”
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Notes to editors
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
The IEA is a registered educational charity and independent of all political parties.
The IEA proposed road privatisation in chapter 10 of Sharper Axes, Lower Taxes: Big Steps to a Smaller State, published June 2011