There is just a year to go until drivers will benefit from free travel into Wales across the Severn Crossings, thanks to the UK Government’s promise to abolish the tolls by 31 December 2018.
The decision will strengthen the economic links and prospects of the natural corridor of South Wales and the South West of England, boosting the Welsh economy by an estimated £100m a year, and generating annual savings for regular motorists of thousands of pounds.
Secretary of State for Wales Alun Cairns has invited local partners and businesses from South East Wales and the South West of England to attend the first cross-border business summit in Newport on 22 January, in a bid to explore how links between the two economies can be strengthened ahead of removing the tolls.
Secretary of State for Wales Alun Cairns said:
"The major level of tolls on the Severn Crossings have represented a drag and barrier to Wales’ economic growth for over half a century, in less than a year we will see the biggest economic stimulus for South Wales and the Valleys for decades.
"My decision to abolish the tolls with the support of my UK Government cabinet colleagues is a boost to commuters, tourists and business owners alike who will be see extra money in their pockets as they make their way to and from Wales.
"The tolls’ removal will cement the ties between the economies and communities of South Wales and South West England, creating a growth corridor spanning from Cardiff through Newport to Bristol.
"I have spoken to several business owners who are encouraged by this decision, and I look forward to discussing further cross-border business opportunities at January’s summit."
Following the return of the Severn Crossings to public ownership on 8 January 2018, the tolls will be reduced for all drivers in line with the commitment made by the UK Government in Budget 2015.
This will be the first time the tolls have decreased since their introduction in 1966. The normal annual inflation increase (due 1 January 2018) will also not be applied.
From 8 Jan 2018:
Cars will pay £5.60 instead of £6.70.
Small buses or vans will pay £11.20 down from £13.40
- Lorries and coaches will pay £16.70 instead of £20