... charge was £5 but since July 2005 has been increased to £8.Certain vehicles are exempt from paying e.g. taxis, emergency services, licensed minicabs, blue/orange badge holders and alternative energy sources. Residents are permitted to a discount. The congestion charge is eight square miles in distance in the heart of London and drivers can pay the charge through several sources, e.g. telephone, text, internet, post. Drivers that travel into London charging zone on daily basic can experience a discount by purchasing weekly, monthly or annual passes. A positive externality that has arisen from the congestion charge is that all the revenue generated from the charge must be reinvested in transport for London. It reported that 130million a year is raised from the charge .Of which 84million has being spent on new buses,36million on increased road safety e.g. street lighting and 4million on CCTV cameras on buses to enforce bus lanes and cut down ...

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