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Seeing Red: Traffic Controls and the Economy

Not only is a high proportion of traffic regulation detrimental to road safety, the economy and the environment, it also imposes huge costs on road-users, taxpayers and communities. Despite the potential for social and economic harm, traffic regulation is introduced without analysing the full cost to road-users. All too often, policymakers neglect negative effects and approve schemes even when costs outweigh benefits. From 2000 to 2014, when there was little growth in traffic volumes, the number of traffic lights on Britain’s roads increased by some 25 per cent. The number of junctions controlled by signals has risen to about 15,000 with a further 18,000 pedestrian crossings. The number of instructional traffic signs in England reached 4.57 million in 2013 - an increase of 112 per cent since 1993. The importance of the road network means the cumulative effect of these measures imposes an enormous burden on the UK economy. Just a two-minute delay to every car trip equates to a loss of approximately £16 billion a year. There is a strong economic case for replacing standard traffic regulation with strategies that harness voluntary cooperation among road-users. ‘Shared space’ schemes - such as the one in Poynton in Cheshire - show the transformational benefits of this unregulated, design approach. A high proportion of traffic lights should be replaced by filter-in-turn or all-way give-ways. Many bus lanes, cycle lanes, speed cameras and parking restrictions should also go. Culling such traffic management infrastructure would deliver substantial economic and social benefits.