Government revenue down as drivers go green

Over the coming week, the Government is expected to announce a fuel duty increase of 3p per litre.

But independent research by CAP has revealed a significant loss in revenue from the automotive manufacturing segment.

With the government offering healthy benefits to those who downsize to smaller, greener, more efficient cars, it is estimated that income from fuel duty and VAT has dropped by almost a fifth while VED revenues have decreased by almost two thirds.