The Department for Transport has published a whole raft of data today including the Chancellor’s take from fuel duty between 1987 and 2012.
The numbers are not insignificant. Unadjusted for inflation the revenue rises from £7.7 billion back in 1987 to a peak of £27 billion in 2010. In 2012 the Treasury’s income from duty on hydrocarbons was £26.7 billion. The graph below tells the story.
Over the same period annual VED payments by drivers have grown from £2.6 billion to £5.8 billion.