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Car finance buyers could soon be travelling at 80mph

The government is considering raising the motorway speed limit to 80mph. According to Transport Secretary Philip Hammond, the raised limit would ‘increase productivity’ and help boost the economy. And we agree.

The government is considering raising the motorway speed limit to 80mph. According to Transport Secretary Philip Hammond, the raised limit would ‘increase productivity’ and help boost the economy. And we agree.

It’s a big step from the government as the previous ideology of ‘all speed is bad’ seems to be drifting further and further away. Hammond was quoted to say: "We need to do this on a pretty rigorous cost-benefit basis. At the moment there are a clear set of criteria for making these decisions. Perhaps we ought to ask if we are using the right set of criteria."

Car finance drivers could soon be driving at 80mph, but is it a good thing? Should we raise the limit? It’ll be a risky decision if they do go ahead with it, but we think it is a great idea.

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Back to March 2011

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