Treasury written question – answered at on 1 May 2025.
Perran Moon
Labour, Camborne and Redruth
To ask the Chancellor of the exchequer, if her Department will make an assessment of the potential merits of hypothecating revenues from the zero emission vehicle mandate for decarbonising transport.
James Murray
The Exchequer Secretary
HM Treasury expects to receive no income from the ZEV mandate, due to the mandate design framework.
The Chancellor provided over £300m for EV uptake and £2bn to support domestic manufacturing at the Autumn Budget.
Yes1 person thinks so
No0 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
