Under the new system, some 95 per cent of new cars will be charged a flat rate of £140 in VED after the first year – less than the average £166 paid today.
Mr Osborne said all revenue raised from VED in England would be allocated to a new Roads Fund to build and improve major routes.
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Mr Osborne said all revenue raised from VED in England would be allocated to a new Roads Fund to build and improve major routes.
Read more: http://www.dailymail.co.uk/news/art...-raised-used-improve-roads.html#ixzz3fQOyP9m0
Follow us: mailOnline on Twitter | DailyMail on Facebook