$15 a Day to Drive? Londoners Say ‘Thanks, I’ll Take the Train’
(Bloomberg Businessweek) -- For most of the past decade, Samantha Basham drove the 16 miles to work in central London from the suburban borough of Bexley, but last year she switched to the train. Why? London's congestion charging system was costing her hundreds of pounds a month. These days, “I don't drive in at all,” says Basham, 45, a freelance makeup artist for magazines and broadcasters. “I take the train even though I have to carry a heavy suitcase full of makeup.”
Basham is among the thousands of Londoners who've shifted to public transport since the city introduced the charges in 2003. Drivers pay as much as £11.50 ($15) to enter central London from 7 a.m. to 6 p.m. on weekdays. The rules are enforced by cameras that snap photos of license tags at the zone's perimeter and by random camera checks inside. They've cut the number of cars entering the area by 30 percent on weekdays, the municipal transport agency says. While the primary goal of the charges was to ease traffic, they've also dampened auto sales: In 2017 some 710,000 cars were registered in London, down 2 percent from 2009, vs. an 11 percent increase across Britain.
More than a dozen cities worldwide have instituted similar programs, and after years of false starts, New York appears poised to impose a fee on vehicles in parts of Manhattan. Proponents say such plans result in time savings, fewer accidents, and lower carbon monoxide emissions—benefits that outweigh the cost of implementation.
To further limit pollution, London will double down on its system in April with an additional £12.50 daily fee for many older cars. Basham says that while the charges have complicated her life, she expects they ultimately will make the city more livable. “It's inconvenient for me, but I do realize that it's meant to be for the good of the environment,” she says. “So I'm sympathetic.”
To contact the editor responsible for this story: David Rocks at drocks1@bloomberg.net
©2019 Bloomberg L.P.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.