In his latest budget last month, the Chancellor of the Exchequer confirmed that the UK Government would be scrapping the Severn bridge tolls by the end of next year. This follows considerable pressure from various business groups and a vote by all political parties in the National Assembly for Wales for backing the abolition of tolls on the crossings between the West of England and South Wales. This will finally bring an end what many businesspeople see as a tax not only on entering Wales but on future opportunities for greater investment and access to key markets by Welsh firms. When the first Severn Bridge was opened on September 8th 1966, the charge for crossing into Wales was set at two shillings and sixpence (or 12.5p in today’s money). Not surprisingly when Government gets a chance to tax the public (and despite the building of a second Severn crossing in 1992), this fee has gradually increased over the last fifty-one years and now stands at £6.70 for cars and £20 fo...
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