(12 Apr 2018, 9:42 am)idiot wrote Magic money tree again.
At least the sensible discussion is out in force on here again. Try reading the article, rather than swallowing a book of Daily Mail clichés?
To quote the article -
How will they pay for it?
The money will come from Vehicle Excise Duty (VED) - better known as car tax.
From April 2020, VED is due to become a ring-fenced tax to pay for a new roads fund set up by the Tory government.
Labour, however, would widen that ring-fence by putting the money into a "sustainable transport fund" instead.
Labour's fund would be split between both road-building and the bus passes policy.
However, a Labour source insisted no less money would be spent on road building because the extra funds would be provided from capital - long-term, one-off - spending.
Labour has estimated the cost of the policy will be £1.4billion a year.
This is based on bus use statistics from the National Travel Survey and projections on how soon different authorities would be able to implement franchising or municipalisation.