Newspaper article The Evening Standard (London, England)

Congestion Charge Fails to Give Business a Boost

Newspaper article The Evening Standard (London, England)

Congestion Charge Fails to Give Business a Boost

Article excerpt

Byline: DAVID WILLIAMS

CONGESTION charging has failed to boost business in London, an influential study claims today.

More than three-quarters of businesses say the [pounds sterling]5 charge, introduced on 17 February, has not improved their productivity.

The London Chamber of Commerce said the charge was having a "substantial and negative" effect on the retail sector. It warned that retail could "dip into recession".

The organisation said its study of 534 businesses of all sizes - based both in and outside the charging zone - made "depressing reading".

Any positive points were "more than outweighed by negative findings".

Previously, the LCC found that a quarter of retailers inside the charging zone were planning to relocate because the [pounds sterling]5 charge had reduced takings.

Colin Stanbridge, chief executive of the LCC, said: "Congestion charging was meant to improve the profitability of businesses in and around the zone. …

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