Scrapping the Severn Bridge tolls would boost the South Wales economy by around £107 million a year according to a Welsh Government report.
That is a saving for the average commuter of around £1,536 a year.
The direct toll costs imposed on businesses are roughly estimated to be £47m (excluding VAT in 2009 prices), with £34m (including VAT) paid by consumers.
The annual cost of running the bridges is around £15m. The current operating costs are £12m a year and are made up of maintenance and toll collection, including toll collection infrastructure. Additionally, the Highways Agency spends an average of £3m on latent defects.
There are no toll roads or bridges in Northern Ireland, and there have been no toll bridges in Scotland since 2008, when the Scottish Parliament passed the Abolition of Bridge Tolls (Scotland) Bill.
The Liberal Democrats have announced that they will have a manifesto commitment at the 2015 General Election to scrap the tolls in the next Parliament. This will help re-balance the economy and drive growth.
I support the campaign to scrap the unfair Severn bridge tolls.