Budget 2016: Severn Crossings toll price to be halved from 2018

'A Government study suggests tolls cost more than £100m a year in lost trade'

Tolls on the Severn Crossings between England and Wales are to be halved by 2018 (PA)

The price of the tolls on the Severn Crossings between England and Wales will be halved from 2018 in a move that has been welcomed by Welsh business leaders.

Janet Jones, policy chair of the Federation of Small Businesses Wales, said reducing the current charge of £6.60 for cars and £13.20 for vans would “boost the confidence” of companies. She said: “A Government study suggests tolls cost more than £100m a year in lost trade.”

But Steve Gooding, director of the RAC Foundation, questioned whether the cuts could have been bigger.