Categories
Cars

Government pledges £8.3bn to repair UK roads Car News

The government has pledged to spend £8.3 billion to repair Britain’s pothole-cratered roads – money diverted from the now-scaled back HS2 high-speed rail line.

This fund, Westminster says, is enough to resurface over 5000 miles of road and will be allocated to councils across the country for projects over the next 11 years.

It is the biggest road-specific fund to ever be announced in the UK.

Transport secretary Mark Harper confirmed today that each local authority will now receive £150 million, followed by a further £150 million for 2024/2025. The rest of the funding allocated through to 2034.

Of the cash, £3.3 billion has been allocated for those in the North West, North East and Yorkshire & Humber; £2.2 billion for the West Midlands and East Midlands;  and £2.8 billion for East of England, South East, South West and, for the first time in 8 years, London. 

“For too long politicians have shied away from taking the right long-term decisions to make life easier for families – tackling the scourge of potholes being a prime example,” said Prime Minister Rishi Sunak.

“Well-maintained road surfaces could save drivers up to £440 each in expensive vehicle repairs, helping motorists keep more of the cash in their pocket.”

Harper added: “Most people travel by road and potholes can cause misery for motorists, from expensive vehicle repairs to bumpy, slow, and dangerous journeys. 

“Today’s biggest ever funding uplift for local road improvements is a victory for all road users, who will enjoy smoother, faster and safer trips – as we use redirected HS2 funding to make the right long-term decisions for a brighter future.”

The new cash follos from a further £70 million earmarked for updating 20mph zone guidance to “help prevent inappropriate blanket use”, and measures to speed up the rollout of electric vehicle charging.

New £8.3bn road fund welcomed

The fund has been welcomed by some of the UK’s biggest insurers and motoring groups.

RAC head of policy Simon Williams claimed smoother, well-maintained roads could save drivers up to £440 each in repair costs from pothole damage.

Welcoming the news, he said: “Drivers’ biggest bugbear of all is the poor condition of local roads, so the fact the Government has found a significant additional pot of revenue should give councils the certainty of funding they need to plan proper long-term road maintenance, something we have been calling for many years.

“We hope local authorities will use the money in the most effective way possible by resurfacing the very worst roads, keeping those in reasonable condition in better states for longer through surface dressing, and filling potholes as permanently as possible wherever necessary.

.

More about this article: Read More
Source: www.autocar.co.uk
This notice was published: 2023-11-17 10:27:53

Categories
Cars

Average UK car insurance policy hits record £500 per year Car News

The average car insurance premium in the UK exceeded £500 between April and June after prices rose by 21% compared with the same period last year.

According to a report published by the BBC, the average driver’s policy cost £511. Renewals were priced at an average of £471, while new policies hit £566.

Insurers have attributed the increase to a sustained rise in costs. The £2.4 billion spent on covering vehicle repairs, replacement and injury during the first quarter of 2023 was 14% greater than over the same period 2022, said the Association of British Insurers (ABI).

The ABI added that the cost of parts has increased by 21%. This is due in part to supply shortages caused by the Covid-19 pandemic, which have spawned a black-market trade of thieves stripping parked cars for components.

A bulletin published by the ABI in March stated that 40% of vehicle repair work was affected by shortages and that courtesy car costs for insurers had increased by 30%.

According to insurance comparison site confused.com, premiums are even higher than reported by the BBC. Confused.com’s quarterly price index found the average to be £776 between January and March, the highest since it began reporting in 2006.

It noted that the increase was also likely to be a product of the General Insurance Pricing Practices (GIPP) that came into effect in 2021. The GIPP barred insurers from charging repeat customers more for a policy than a brand-new customer. “In response, insurers adjusted their pricing, meaning new business prices are likely to have increased,” said the confused.com report.

It added that motorists aged under 20 were charged significantly more due to the risk they pose: 18-year-olds paid an average of £2404 and 19-year-olds were charged £2097. These younger drivers also bore the brunt of the price hikes, with 18-year-olds’ policies rising by 65% year on year, and 19-year-olds’ increasing by 59%.

.

More about this article: Read More
Source: www.autocar.co.uk
This notice was published: 2023-08-11 08:53:54