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Congestion charges could benefit stores

Series: Retail Week ; 18 May 2001, 23(1)Publication details: 2001Subject(s): Summary: Proposed congestion charging might benefit the retail sector in London and could lead to a rise in property rental values due to reduced journey times according to research by Healey & Baker. However the report, which also found retail rents would fall by 2% if the charges are not introduced, warns that improvements in travel times are likely to be smaller than predicted in Mayor Ken Livingstone's draft plans.

Proposed congestion charging might benefit the retail sector in London and could lead to a rise in property rental values due to reduced journey times according to research by Healey & Baker. However the report, which also found retail rents would fall by 2% if the charges are not introduced, warns that improvements in travel times are likely to be smaller than predicted in Mayor Ken Livingstone's draft plans.