£139bn. What else would that have bought? Every bus journey in England free for 40 years Or 60,000 miles of protected cycle lanes Or 3.3m new EVs, more than doubling the UK fleet Instead it went on a £139bn fossil fuel subsidy.
OBR: "The cumulative cost of freezing fuel duty rates [since 2010-11]…has risen to £139bn." "[I]f fuel duty were to remain frozen until 2029-30, public sector net borrowing would be £4.3bn higher."