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A national system of road tolls should be introduced because British motorists are suffering the worst congestion in Europe, according to engineers. Research by the Royal Academy of Engineering found that charging was the “best instrument at the disposal of policymakers” to keep vehicles flowing on the road network. Forcing motorists to pay for individual journeys promoted an “efficient level of road use” by encouraging drivers to choose alternative modes of transport, share vehicles or travel at off-peak periods to avoid the most expensive charged, it was claimed.
Volkswagen will reveal details of its investigation into the emissions scandal this week as it resists pressure from Qatar, its third-largest shareholder, to weaken the grip of unions on its board.
Matthias Müller, who took over as chief executive after Martin Winterkorn stepped down, faces growing concerns over VW’s secretive internal inquiry and restructuring plans.
The Daily Telegraph
The price pf oil plunged to a seven year low yesterday, crashing through the $42 a barrel mark, amid warnings it may not recover for at least a year.
UK retailers suffered a drop in sales in November as record take-up of online shopping and a late Black Friday boost failed to make up for slow trade in the rest of the month. Retailers will be hoping Christmas food and gift shopping will turn things around after sales in stores and online were down 0.4% in like-for-like terms in November when compared with a year earlier, according to the British Retail Consortium (BRC).
By staging a referendum on UK’s EU membership, David Cameron has chosen to “play with fire” and may find he is entirely dependent on the decisions of Labour voters to avoid finding himself badly burnt, a leading poll analyst has concluded. John Curtice reached the verdict in a new study underlining the risks Labour and the Conservatives face in the coming months.
HIGH Street shops face going bust as business rates are set for a crippling five-fold increase in some areas.
Seventy six of the UK’s main towns and shopping centres will see the tax go up in 2017, property consultants Colliers International have discovered. The British Retail Consortium has warned the tax rises could lead to 80,000 shops closing by 2017.