Road safety cuts a 'false economy'
- Investing in safety saves billions…
- … says Institute of Advanced Motorists
- £50 billion saved over the past 20 years
Cuts in road safety budgets could cost the economy billions of pounds, according to a report published today.
The study by the Institute of Advanced Motorists (IAM) claims that road safety targets planned between now and 2020 could potentially save the economy £4 billion.
IAM director of policy Neil Greig said: 'These staggering figures prove conclusively that investing in saving lives on the roads saves the country money – so funding taken away from this area is a false economy.'
Mr Greig said it was important that public bodies spend their money with greater care to compensate for the reductions in budgets and to continue the progress the UK has made on road safety.
UK leads safety table – and save £50 billion
The UK now leads the world road safety league table after improvements from 6th in 2007 to 4th in 2008. Death rates have fallen from 8000 in the 1960s to 2222 in 2008/9.
The IAM calculates that these improvements have prevented 31,000 road deaths and saved the economy £50 billion.
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