Howard Cox, Founder of the FairFuelUK, commissioned the Cebr (The Centre for Economics and Business Research) to analyse the economic impact of the proposed extension of the London Ultra Low Emissions Zone (ULEZ) in August 2023
The key points of the study are:
The existing ULEZ has an impact on the London economy – we estimate the costs to businesses and consumers are £253 million, though as part of that (£169 million) is revenue for TfL, in economics terms the economic cost (the deadweight loss to consumers and the admin costs) is £199 million.
Scaling from this we estimate that the Proposed ULEZ has an additional revenue impact of £369 million.
This means that the total Proposed ULEZ scheme (i.e. both the current scheme and the proposed scheme) has a revenue cost to consumers and businesses of £538 million.
If in addition the economic costs to users are included the total cost rises to £807 million.
Using a different measure, which discounts the revenue costs because they represent income to TfL but also includes their admin costs, the total economic cost of the scheme is £569 million.
Moreover these calculations only estimate the direct effects.
Since the impact of the Proposed ULEZ on vans is 4.5 times that of the existing ULEZ and hence essentially on business activity, it is likely that the Proposed ULEZ has additional indirect economic effects which we have not taken into account, and that for the extended scheme these could be quite substantial.
Howard Cox says: “Mayor Khan’s fixation with an alleged air quality improvement scheme that not only needlessly fleeces drivers, sole traders, and low-income motorists, it also rips at least half a £billion out of the Capital’s economy per year. It is way past time, hard pressed Londoners rid themselves of this dishonest career politician and support a new Mayor that will scrap ULEZ for good and get London moving again.”
Download Cebr Report:
The Electric Vehicle Con:
Our research has shown that from cradle to grave, battery-powered electric vehicles have little – or indeed no CO² advantage – over internal combustion engine vehicles. We have considered the resourcing of raw materials used for the manufacture, utilisation and final disposal of both internal combustion engine vehicles and electric vehicles, including emissions from the production of both electricity and fossil fuels. If it was to show any theoretical advantage, a battery-powered electric vehicle would have to be manufactured and re-charged using power that is genuinely as close to Net Zero as is currently scientifically achievable – including the CO² costs of constructing the power generating infrastructure. This would restrict the only possible power source to nuclear energy, as wind, solar and hydro are intermittent and need constant back-up from conventional sources to keep the National Grid providing reliable electricity. As yet, the world – and particularly the UK – is unable to deliver that scale of power reliability, and there is no such thing as zero CO².
Here are FairFuelUK's 5 Core Campaign Objectives for this Government, and all
Westminster Politicians, to support.....
1. ....Cut fuel duty big, to stimulate economy, reduce inflation, increase consumer spending & generate new growth taxes
2. ....Introduce our PumpWatch that the CMA backs, but it must have teeth to make petrol & diesel pricing fair, honest & transparent
3. ....Scrap the 2035 un-consulted and needless ban on new petrol/diesel car sales
4. ....Stop the continuing cash grabbing vitriolic myopic local authority warfare on UK's 37m drivers (These include ULEZs, LTNs, 15 Mins Localities, Cycle Lanes that cause congestion etc)
5. ....Recognise motorists are not just cash cows to be demonised by politicians & much of the ultra left wing media, but instead are the essential social & commercial heartbeat of our economy