The Standard today headlines that the congestion charge could move to pay as you go. This is great in theory but read on. They reckon to be able to collect Â£3 billion in charges. This would be OK too if some other tax was reduced by Â£3 billion (for Londoners only).
The real kicker is the quote from Michele Dix, director of congestion charging at TfL: “It would generate Â£3 billion gross and net revenue of between Â£1 billion and Â£2 billion.” This silly woman is no doubt one of the 74 TfL managers earning over Â£100,000 (see Evening Standard on 10th October last year). Can’t she refine her cost estimates more accurately than to the nearest Â£1 billion? Why does she think it acceptable to tax people to this extent and then lose anywhere from a third to two thirds of the money in collection costs.
Green taxes are great but not if the cash all gets wasted and other taxes are not reduced.