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Thousands of lorries could be banned from London to make the roads safer for cyclists, under plans proposed by London Mayor Sadiq Khan. He wants a rating system from zero to five stars for heavy goods vehicles based on the driver’s level of vision from the cab. The 35,000 zero star-rated HGVs currently operating in London would be banned by 2020 under the proposals.
The Road Haulage Association accused the mayor of “demonising lorries”.
Nissan delays Sunderland investment plans
Nissan is delaying new investments in its Sunderland plant until the UK has concluded Brexit negotiations with the EU, its chief executive said on Thursday in the first public admission by a carmaker that concerns over future tariffs are hurting business decisions. Carlos Ghosn, who also runs France’s Renault, said the Japanese carmaker would defer decisions on where to build new generations of models currently assembled in Britain’s largest car factory until it knows whether it will face tariffs when exporting to the EU. The UK plant, which makes more than half a million cars a year, is heavily dependent on exports to the single market. “Important investment decisions will not be made in the dark,” Mr Ghosn said at the Paris Motor Show.
Consumer confidence bounced back to pre-EU referendum levels in September as households shrugged off Brexit jitters and continued to spend. All five measures used to compile GfK’s closely-watched confidence index climbed this month, including a jump in optimism about the economy and consumers’ willingness to spend on big ticket items such as fridges and televisions.
Households are now more confident about their personal finances over the coming year than they were a year ago, the data showed.
The Organisation of the Petroleum Exporting Countries has struck a deal to cut crude output for the first time in eight years to help ease a global glut, a landmark agreement that sent oil prices surging. Brent crude leapt 5.9pc to $48.69 a barrel this evening and West Texas Intermediate jumped 5.3pc to $47.05 as news filtered out from the Opec meeting in Algeria that an agreement had been reached to reduce output to a range of between 32.5m barrels per day (bpd) to 33m bpd, down from the current rate of about 33.24m bpd.
Renault has unveiled a new electric car that it claims will overcome psychological barriers among drivers who fear running out of power between charges. Launched on Thursday ahead of the Paris motor show, the latest Zoe model will have the longest range of any mainstream electric vehicle, the French carmaker said. Comparisons will inevitably be drawn with US-headquartered Tesla, whose models match the Zoe’s 250-mile (400km) battery, but Renault said it was competing for a different market. Most mainstream electric cars, such as those by BMW and Nissan, have a range of 100-150 miles.
The taboo surrounding drink-driving may be on the wane. Figures from the Department for Transport (DfT) showed that the number of casualties in drink-drive incidents rose by 320 last year. Provisional figures suggest that the number of people killed may have increased by as much as 11 per cent last year compared with the previous year. In a separate finding, it has emerged that more drivers are now admitting to driving while over the limit. One motorist in 13 (7.6 per cent) admits that they may have got behind the wheel while impaired at least once over the past year, up from 6.2 per cent a year ago.
Britain’s cheapest and most expensive car parks have been revealed – with the 5p it costs to buy a plastic shopping bag being the best hourly rate and £13 the worst. Thrifty motorists can leave their vehicle at a car park in Dewsbury, West Yorkshire, for up to 10 hours and still save themselves £5 on the hourly cost in London’s West End. There, in the heart of Soho, is the country’s priciest parking spot – Brewer Street car park – where it costs £13 for up to an hour, £26 for two and £50 for more than three hours.