A car insurance firm has stated a blanket 20 mph speed limit across the UK could lead to a proactive reduction in policy prices, potentially saving drivers about £50 annually on their premiums. This stance underscores the financial incentive tied to adjustments in speed limit regulations, with a strong correlation suggested between lower speed limits and decreased road accidents.
The introduction of a 20 mph speed limit in built-up areas in Wales has reportedly decreased car accidents by 20%. However, this significant change has faced considerable backlash, leading to a record-breaking petition with over 500,000 signatures opposing the new limits. The Welsh Government responded by updating guidelines to allow exemptions, aiming to find 'the right speed on the right road'.
Transport Secretary Louise Haigh indicated that decisions on traffic speed limits would be left to local authorities, reflecting an ongoing trend where cities like Glasgow are adopting reduced speed limits on thousands of roads. Numerous English areas, including London and Norwich, have already implemented similar changes, highlighting a broader movement towards embracing lower speed limits for improved road safety.
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