News today reveals that £28.7 million has been spent maintaining speed cameras on our roads over the last 5 years. But news reveals that total revenue from speeding fines amounted to more than 13 times what was spent on this maintenance. Car insurance expert at Confused.com, Louise Thomas, comments:
“Many drivers might be frustrated to hear how much councils are raking in from speeding fines, especially at a time when the cost of living is so high. Our research found that nearly 1 in 2 (47%) don’t know what the money from traffic offences is used for. And it seems this is unsurprising, given that only 7% of the income was redistributed to maintaining the speed cameras.
“But regardless, speed limits and cameras are in place to keep the road users safe. And by issuing fines and penalty points who break the law, this can help to improve road safety. In fact, almost 3 in 4 (72%) UK drivers told Confused.com that they’d been put off exceeding the speed limit again after getting a fine. So, it’s clear that cameras can work in deterring drivers from speeding.
“If caught speeding, drivers could land themselves with a fine, points on their licence or even a driving ban. If you do face a fine, it could be calculated based on salary and might be heftier than you first think. Speeding fines are also often calculated depending on how far over the limit you are. If you’re unsure on how speeding fines are determined, our speeding fine calculator can help.”
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