UK businesses lose estimated £767m a year due to congestion
Research conducted by TomTom suggests traffic congestion is costing UK businesses as much as £767m a year in lost productivity.
According to the TomTom Traffic Index, traffic across the 25 most congested cities and towns in the UK increases the time each vehicle spends on the road by an average of 127 hours a year. That equates to over 16 working days.
It is believed that this loss of productivity could equate to a cost of £767m for the 902,500 light commercial vehicles operating in these towns and cities.
But it seems the situation is just getting worse. When compared to driving in free-flowing conditions, the average journey in 2015 took 29% longer, up from 25% in 2010.
Manchester saw the biggest increase in congestion last year, with the average delay of 32% in 2014 growing to 37% in 2015.
Perhaps unsurprisingly, London takes the biggest financial hit, with £237m lost to traffic every year. This is followed by Manchester (£157m) and Birmingham (£81m).
UK and Ireland director for TomTom Telematics, Beverley Wise, commented: "Traffic congestion may be seen as a fact of life for every driver, but, cumulatively, it is taking a heavy toll on the UK economy and this should not be accepted as an inevitability.
"Making the most of billable time is key to profitability for any business, so organisations that rely heavily on a mobile workforce must look for ways to maximise the time employees spend actually doing jobs by minimising time spent on the road."
Has your business been impacted by congestion on UK roads?
#Congestion costs UK businesses £767m a year