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A14 toll residents 'should be exempt'

RESIDENTS living near the UK's first proposed toll road in a decade should be exempt from payments, councillors have said. Drivers could be charged between £1 and £1.50 to travel along a new stretch of the A14 in Cambridgeshire, according to a consultation document published by the Highways Agency last month. The proposal comes after Chancellor George Osborne announced in the Autumn Statement that the Government would explore whether "in very limited circumstances" tolling could be used to fund significant new capacity on the country's roads.

M25 shut again as lorry overturns

TRAFFIC CHAOS has been brought to one of Britain's busiest motorways after the M25 has had to be closed for the second time in three days - again due to a serious accident involving an overturned lorry. Today's incident, which is resulting in long tailbacks, has resulted in injuries to two people, with one in a critical condition, police said. The stretch of road shut is the M25 between junction 23 at South Mimms in Hertfordshire and junction 25 at the junction with the A10 north of Enfield in north London.

FCA issues warning on logbook loans

VULNERABLE people who use their car as security to take out a loan are finding themselves squeezed even harder financially and even threatened, the City regulator has found. The Financial Conduct Authority warned it will put firms offering logbook loans out of action if they do not "dramatically" improve their standards, after finding evidence of poor behaviour including little or no affordability checks being carried out and some applicants being encouraged to manipulate details of their income. It said lenders are failing to properly spell out exactly how expensive such debts will be, with the true cost often masked by an emphasis on "low" weekly repayments and key terms and conditions buried in small print.