Cutting road safety budgets does not save money, according to a recent study conducting by (IAM) Institute of Advanced Motorists. In fact, its result could be just the opposite, Up to now; Britain has had a fine road safety record, one of the best.
If one takes into account the European Union, Britain has 50 per cent less the road fatalities rates of Belgium, Luxembourg, Portugal, and Austria.
This is due in a large part to many of the road safety measures in place. Now there is talk of reducing those safety measures in order to cut costs. The case, however, can well be made that if such measures are cut there will be more accidents and a larger outlay of money because of those accidents.
On average, every major accident costs almost £2 million in health expenses, emergency response, lost output, suffering and pain. In the last twenty years, deaths on British roads have been cut in half, realizing a savings of about £50 billion. To turn that model back now would be foolish and very costly.
If instead, Britain were to continue on its course of reducing road deaths, it could save approximately 2500 lives and £4 billion. Now is not the time to be penny wise and pound-foolish.