01/12/2006
Report calls for motorists to pay for road use
Drivers should pay tolls in order to drive on roads in the UK, a new study has suggested.
The report, by former British Airways chief executive Sir Rod Eddington, said that the introduction of road tolls could boost the economy by £28 billion. It would also reduce road congestion by half, Sir Rod said.
The report, which was commissioned by Chancellor Gordon Brown, suggested that road pricing pilot schemes should begin in the next few years.
However, Sir Rod said that road pricing would be difficult to introduce and warned that there would be "significant risks" in developing a pricing policy, particularly around the technology required for the scheme.
He also said that the money raised should be invested back into the transport network, but said that building projects such as new high-speed rail lines was less important than using existing networks more efficiently.
(KMcA)
The report, by former British Airways chief executive Sir Rod Eddington, said that the introduction of road tolls could boost the economy by £28 billion. It would also reduce road congestion by half, Sir Rod said.
The report, which was commissioned by Chancellor Gordon Brown, suggested that road pricing pilot schemes should begin in the next few years.
However, Sir Rod said that road pricing would be difficult to introduce and warned that there would be "significant risks" in developing a pricing policy, particularly around the technology required for the scheme.
He also said that the money raised should be invested back into the transport network, but said that building projects such as new high-speed rail lines was less important than using existing networks more efficiently.
(KMcA)
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30 March 2010
RBS Fined £28m
The Royal Bank of Scotland (RBS) has agreed to pay a fine of almost £28.6m after admitting breaches of competition law. The fine was reduced from £33.6m following an admission of improper practises during October 2007 and February or March 2008.
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The Royal Bank of Scotland (RBS) has agreed to pay a fine of almost £28.6m after admitting breaches of competition law. The fine was reduced from £33.6m following an admission of improper practises during October 2007 and February or March 2008.
13 January 2005
Sainsbury's reveal slow in food sales decline
Troubled supermarket chain, Sainsbury's is on the road to recovery, the chief executive has said, following the publication of its Christmas trading figures. The company's third quarter trading statement revealed that like-for-like sales, excluding petrol, fell by 1.2% compared to a year ago, but the decline slowed to 0.4% during December.
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Troubled supermarket chain, Sainsbury's is on the road to recovery, the chief executive has said, following the publication of its Christmas trading figures. The company's third quarter trading statement revealed that like-for-like sales, excluding petrol, fell by 1.2% compared to a year ago, but the decline slowed to 0.4% during December.
20 July 2004
£10bn Crossrail and road-pricing plans top transport proposals
The government has given the go-ahead for the construction of London's £10 billion Crossrail link as part of a series of reforms designed to create a long-term strategy for a "modern, efficient and sustainable transport system". Under the plans, Britain's transport networks will get average annual increases of 4.
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28 November 2005
Government announces plans to tackle congestion
The government has announced a £7 million plan to investigate ways to tackle local traffic congestion.
Government announces plans to tackle congestion
The government has announced a £7 million plan to investigate ways to tackle local traffic congestion.
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