Driving in London Will Cost You. CNBC’s Phil Han explains why if you’re a motorist in London, it could cost you a lot more to drive in the capital.
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Drivers in Central London already know how unpleasant it is driving in and out of town. Bumper to bumper traffic is a common sight on the capitals streets and apart from being a stressful experience it can also be a very expensive one.
Since 2003 the city has been charging motorists an £11.50 congestion charge to enter the center of town in a bid to cut down on traffic but a new proposal by Mayor Boris Johnson could see that figure nearly double by 2020
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drivers in central London already know how unpleasant it is heading in and out of town bumper-to-bumper traffic is a common sight on the capital streets and apart from being a stressful experience that can also be a very expensive one since 2003 the city has been charging motorists an 11-pound 50 congestion charge to enter the center of town in a bid to cut down on traffic but a new proposal by Mayor Boris Johnson could see that figure nearly double by 2020 the mayor wants to impose a 12-pound 50 clean air levy on all but the cleanest vehicles the move would create the world's first ultra low emission zone the proposal would also see the age limit for taxis cut from fifteen to ten years a study released earlier this year by researchers from King's College London revealed that Oxford Street in the centre of London was the world's most polluted stretch of road other cities around the world have also considered similar schemes to cut both congestion and pollution in 2007 New York City proposed a pilot program this was subsequently rejected Beijing officials have also been mulling over the idea of a congestion charge to fight that city's traffic and pollution these restrictions could potentially benefit commuters and hopefully the environment but it could cause significant harm to automakers according to a new study by IHS Automotive Group future Beals congestion could see annual auto sales cut by 30 million cars by 2035 Phil Han CNBC lon you