Taxation: Cycling

House of Lords written question – answered on 21st November 2012.

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Photo of Lord Stoddart of Swindon Lord Stoddart of Swindon Independent Labour

To ask Her Majesty's Government whether they will introduce a hypothecated bicycle sales tax allocated to the cost of new dedicated bicycle lanes and other facilities to improve the safety of bicycling.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

All tax revenues are passed to the Consolidated Fund (the Government's current account) because this is the most efficient way to fund the Government's public spending objectives. Hypothecating taxes to particular spending programmes causes inflexibility in spending decisions and can lead to a misallocation of resources.

In June 2012, the Government announced a £15 million fund to improve safety for cyclists outside London, by tackling dangerous junctions. This was in addition to the £15 million fund awarded to Transport for London in March 2012, for the same purpose.

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