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London Congestion Fee

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The London congestion fee was implemented to reduce traffic in central London. It involved a daily £8 fee for driving in the congestion zone. Since being introduced, traffic entering the zone has decreased by 21% and bus passengers have increased by 6%. However, some business leaders argue it has negatively impacted retailers' sales and the reduction in traffic jams has not been as great as hoped. The fee has therefore had some success in reducing traffic but not all of its aims have been fully achieved.

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London Congestion Fee By: Ben Wu, Grace Ngau
What is the problem? Clogged up roads, threatens businesses. London suffered the worst traffic congestion among Europe. Drivers in central London spent 50% of their time in queues Morning, the equivalent of 25 busy motorway lanes of traffic tried to enter central London London lost between £2-4 million every week in terms of lost time caused by congestion
Background info What is congestion charge? The Mayor's election proposal included a pledge to tackle congestion. the scheme was fine-tuned in order to meet demand. In February 2002 February 2003. In February 2007
How does it work? a £8 daily Congestion Charge. Aims no tollbooths or barriers around the congestion charging zone. Many ways of paying Exceptions Penalty Charge
Does it internalize the externality? YESSSSSSSSSS! Evidence: Traffic entering the original charging zone remains 21 per cent lower Traffic entering the Western Extension has fallen by 14 per cent There has been a six per cent increase in bus passengers during charging hours There has been a 12 per cent increase in cycle journeys into the Western Extension. £137m being raised, in the financial year 2007/08 Doesn’t work all the time
London Congestion Charge Report
London Congestion Charge Report
So has the charge achieved its aims? YES Levels of traffic in London have fallen sharply at a time when overall car ownership is rising More people are now using environmentally-friendly transport such as buses and Tube trains Traffic congestion in central London is not as bad as it was a decade ago
So has the charge achieved its aims? NO Business leaders say that the congestion charge has adversely affected the takings of retailers The capital's streets have not been transformed – despite the reduction in traffic jams Not as much as cash has been raised from the congestion charge as was originally hoped
MODEL
Bibliography http://en.wikipedia.org/wiki/London_congestion_charge http://www.citymayors.com/report/congestion_charge.html http://www.bbc.co.uk/london/travel/congestion/ http://www.london.gov.uk/mayor/congest/ http://www.tfl.gov.uk/roadusers/congestioncharging/default.aspx http://www.independent.co.uk/news/uk/home-news/the-big-question-has-the-congestion-charge-been-effective-in-reducing-londons-traffic-781505.html http://www.tfl.gov.uk/roadusers/congestioncharging/

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London Congestion Fee

  • 1. London Congestion Fee By: Ben Wu, Grace Ngau
  • 2. What is the problem? Clogged up roads, threatens businesses. London suffered the worst traffic congestion among Europe. Drivers in central London spent 50% of their time in queues Morning, the equivalent of 25 busy motorway lanes of traffic tried to enter central London London lost between £2-4 million every week in terms of lost time caused by congestion
  • 3. Background info What is congestion charge? The Mayor's election proposal included a pledge to tackle congestion. the scheme was fine-tuned in order to meet demand. In February 2002 February 2003. In February 2007
  • 4. How does it work? a £8 daily Congestion Charge. Aims no tollbooths or barriers around the congestion charging zone. Many ways of paying Exceptions Penalty Charge
  • 5. Does it internalize the externality? YESSSSSSSSSS! Evidence: Traffic entering the original charging zone remains 21 per cent lower Traffic entering the Western Extension has fallen by 14 per cent There has been a six per cent increase in bus passengers during charging hours There has been a 12 per cent increase in cycle journeys into the Western Extension. £137m being raised, in the financial year 2007/08 Doesn’t work all the time
  • 8. So has the charge achieved its aims? YES Levels of traffic in London have fallen sharply at a time when overall car ownership is rising More people are now using environmentally-friendly transport such as buses and Tube trains Traffic congestion in central London is not as bad as it was a decade ago
  • 9. So has the charge achieved its aims? NO Business leaders say that the congestion charge has adversely affected the takings of retailers The capital's streets have not been transformed – despite the reduction in traffic jams Not as much as cash has been raised from the congestion charge as was originally hoped
  • 10. MODEL
  • 11. Bibliography http://en.wikipedia.org/wiki/London_congestion_charge http://www.citymayors.com/report/congestion_charge.html http://www.bbc.co.uk/london/travel/congestion/ http://www.london.gov.uk/mayor/congest/ http://www.tfl.gov.uk/roadusers/congestioncharging/default.aspx http://www.independent.co.uk/news/uk/home-news/the-big-question-has-the-congestion-charge-been-effective-in-reducing-londons-traffic-781505.html http://www.tfl.gov.uk/roadusers/congestioncharging/