Elon's Vision
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

Potholes Cost UK Economy £14 Billion Annually

by
April 29, 2024
in Investing
0
Potholes Cost UK Economy £14 Billion Annually
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

Potholes plaguing British roads exact a heavy toll on the economy, with the total cost surpassing £14 billion annually, according to recent findings.

The Centre for Economics and Business Research (CEBR) sheds light on the multifaceted impact of road damage, encompassing repair expenses, traffic accidents, commuter delays, and heightened emissions.

Douglas McWilliams, Deputy Chairman of CEBR, underscores the alarming deterioration of British roads, likening conditions to those observed in emerging economies like India. He attributes this trend primarily to decreased investments in road maintenance, lamenting the adverse effects on infrastructure quality.

Last year, Chancellor Jeremy Hunt announced a £200 million injection into the pothole repair fund, raising its annual allocation to £700 million. However, doubts persist regarding the full utilization of these funds for pothole remediation, as highway authorities retain discretion over spending priorities.

The total cost to rectify existing potholes, estimated at £16.3 billion, underscores the urgency of addressing this issue. McWilliams emphasizes the feasibility of rebuilding every road in the country within 14 months using these funds, highlighting the stark disparity between cost-effective solutions and policy decisions.

Despite the rising economic burden of potholes, spending on road maintenance by English local councils has declined by over 20% since 2006, exacerbating the prevalence of road defects. Anecdotal evidence suggests that the use of substandard fillers by private contractors exacerbates the problem, necessitating repeat repairs and inflating costs.

The economic repercussions extend beyond repair expenses, with pothole-induced reductions in car speeds amplifying carbon dioxide emissions by approximately 3%. The breakdown service RAC reports a surge in callouts for pothole-related damage, indicating a worsening road infrastructure crisis.

As the current cold snap and increased rainfall exacerbate road damage, motorists face heightened risks of vehicle damage and accidents. Potholes inflicted car damage worth £1.5 billion last year, with local authorities in England paying £23 million in compensation for pothole-related incidents.

The cumulative impact of potholes on the economy includes 1.3 billion hours of additional travel time, underscoring the urgent need for comprehensive solutions to address road infrastructure challenges and safeguard public safety and economic stability.

Read more:
Potholes Cost UK Economy £14 Billion Annually

Previous Post

UK Faces ‘Washout Winter’ Impact: Key Crop Shortages May Trigger Price Hikes for Bread, Beer, and Biscuits

Next Post

Declining Job Vacancies Stoke Hopes for Interest Rate Cuts Amid Cooling Labour Market

Next Post
Declining Job Vacancies Stoke Hopes for Interest Rate Cuts Amid Cooling Labour Market

Declining Job Vacancies Stoke Hopes for Interest Rate Cuts Amid Cooling Labour Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

That Bangladesh Mask Study!

December 1, 2021

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

November 24, 2021
Pints of champagne could be the next ‘Brexit dividend’

Pints of champagne could be the next ‘Brexit dividend’

December 24, 2021
Deliveroo founder Will Shu steps down after £200m payday as DoorDash takeover looms

Deliveroo founder Will Shu steps down after £200m payday as DoorDash takeover looms

0

0

0

0
Deliveroo founder Will Shu steps down after £200m payday as DoorDash takeover looms

Deliveroo founder Will Shu steps down after £200m payday as DoorDash takeover looms

September 19, 2025
Massive Attack pull music from Spotify over founder’s defence ties

Massive Attack pull music from Spotify over founder’s defence ties

September 19, 2025
Bloated public sector growth leaves tax rises all but inevitable

Bloated public sector growth leaves tax rises all but inevitable

September 19, 2025

Essential considerations for your plumbing business

September 19, 2025

Recent News

Deliveroo founder Will Shu steps down after £200m payday as DoorDash takeover looms

Deliveroo founder Will Shu steps down after £200m payday as DoorDash takeover looms

September 19, 2025
Massive Attack pull music from Spotify over founder’s defence ties

Massive Attack pull music from Spotify over founder’s defence ties

September 19, 2025
Bloated public sector growth leaves tax rises all but inevitable

Bloated public sector growth leaves tax rises all but inevitable

September 19, 2025

Essential considerations for your plumbing business

September 19, 2025

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.