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New Survey Shows Traffic Jams Cost The Economy £4.3bn Per Year

Traffic jams don’t just suck for motorists, but they also seriously hinder the economy’s growth. According to a new survey by the Centre for Economics and Business Research and Inrix, the economy has to shell out a ridiculous £4.3bn each year, which is equivalent of £331 per commuter.

Traffic jams don’t just suck for motorists, but they also seriously hinder the economy’s growth. According to a new survey by the Centre for Economics and Business Research and Inrix, the economy has to shell out a ridiculous £4.3bn each year, which is equivalent of £331 per commuter.
 
Inrix chief executive Bryan Mistele said: "Traffic congestion impacts everything from how long it takes us to get to work and the amount of fuel we consume in our vehicles to the costs of food at the grocery store.
 
"As the UK continues facing times of austerity and high unemployment, the study indicates the efficient movement of people and commerce across our road networks is essential to fostering a healthy, vibrant economy."
 
It’s an interesting statistic, but is there anything we can do to reduce this cost? Surely, if the government is all about saving money, something can be done to aid this problem.

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