Car transport costs for UK commuters are higher than UK average
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London’s capital has emerged as one of the UK’s biggest losers in car transport costs.
A study by the Institute for Fiscal Studies (IFS) showed the capital has lost £20bn since 2005.
It is also the third biggest loser in UK car transport as London lost £3bn last year.
The IFS said London lost around £8bn in 2016 and 2017 as it took on more debt and became less financially resilient.
It also found that UK car drivers spent less time on the road than other drivers.
It said London’s transport system had become more expensive as a result of the ageing of the population and the high cost of the roads.
It added that London’s car transport cost is higher than the UK average.
Its report said the number of car journeys has increased by more than half since 2005, but car costs have not increased.
The capital lost around 20% of its capacity in 2017 compared to the previous year, and by 2020, it will have lost another 6% of capacity.
The cost of operating a car in London is expected to increase in the coming years, but the IFS report said this would not be enough to absorb the extra cost.
It pointed out that London is already in recession.
It expects the cost of servicing cars will increase in coming years.
The transport sector is the fourth largest employer in the UK, behind government and private sector.
The study found that drivers make a significant difference in the health of London.
It estimated that drivers in London account for 16% of the capital’s traffic congestion, and account for around one in three trips made in the capital.
It found that in 2017, about 8,000 people were involved in car-pooling schemes.
This figure was up from 7,500 in 2014.
Its study said that drivers contribute around 5% to London’s economic output.
The report found that the average cost of owning a car has increased since 2005 from £20,000 to £32,000.
The Institute for Transport, Infrastructure and Communities said the figures showed London was “a city of extremes”.
“The cost per vehicle is the cheapest in Europe, with London the cheapest city for buying and renting a car.”
Yet in a country where nearly 40% of Londoners live in poverty, drivers have remained the lowest-paid in the country.
“The ITS said the cost per person is also lower in London than in most European capitals, with the UK the lowest at £14,000 per person.
However, it added that drivers earn around 10% less than other employees in the same job, which is higher in London.
The group said that the UK has an average of 9,000 fewer car journeys per year than the average of Europe.
It called on the Government to make sure London’s drivers are paid the same as other employees, including those on similar jobs.
The UK has more than 20 million drivers, but only about 20% are employed in transport.
London’s capital has emerged as one of the UK’s biggest losers in car transport costs.A study by the Institute for…