Lord Lea of Crondall
Main Page: Lord Lea of Crondall (Non-affiliated - Life peer)My Lords, I understand the noble Lord’s concern and will write to him on the detail. However, he will recognise that ring-fencing or protecting expenditure in one area only increases the reductions required elsewhere.
Further to the point made by my noble friend Lord Davies on carbon, is it not the case that the transport coefficient of growth is very positive, and that if we want to reduce the transport coefficient of growth, the price of carbon may be part of the answer? However, the price of carbon is a sort of poll tax on wheels because it is very regressive. Will the Government publish information on the regressive nature of different forms of carbon taxation?
My Lords, I think that I will have to consider very carefully before answering that question.