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Old Jun 7th, 2010, 20:16   #15
Citizen.Agfa
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Quote:
Originally Posted by johnjp View Post
BTW - RFL has not been hypothecated since introduced 70 yrs ago, it has always gone to general expenditure
According to the acknowledged masters of all things truthful and accurate (snigger) Wikipedia, and I quote:-

"Excise duty on road vehicles was first introduced in the 1888 budget and a new excise duty specifically for motor vehicles was introduced in 1920 which was paid into the road fund and was hypothecated for road construction. Since 1937 the money has gone into central government revenues and since then has not contributed directly to road building or maintenance."

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