AA President Shortlisted for Economics Prize

AA President Shortlisted for Economics Prize

Home / News | posted on 27 04 2017

Edmund King, the president of the AA, has made the shortlist of five entries for the Wolfson Economics prize, which this year is looking to stimulate ideas on how to fund better, more reliable roads.

The submission, authored jointly with his wife, the business analyst Deirdre King, envisages a future where drivers receive an annual allowance of "road miles". As well as trading them, drivers could pay for the right to travel further by entering auctions or lotteries, which would raise more income to maintain the network. Additional road miles would be granted to drivers with special needs and those with the cleanest, greenest vehicles, King said "It's a way of giving free access to the road network but safeguarding further revenues rather than introducing a nationwide charging system that would be political suicide" he said. Sir John Kingman, the chairman of the judging panel, said that the hundred-plus entries, which were submitted anonymously to judges including the former Labour chancellor and transport secretary Alistair Darling, contained some "quite funky ideas", with a Harvard professor among those who had just failed to make the cut.

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