The Mayor of London recently set the date for London’s new ultra-low emission zone (ULEZ); a protected area in which most vehicles will need to meet exhaust emission standards or pay a daily charge. From 8 April 2019, the most polluting cars, vans and motorbikes will have to pay £12.50 to drive through central London, while buses, coaches and HGVs will pay £100, “Global banking and finance” reports.
City Hall hopes the move, which is subject to a consultation, will result in a 50% drop in emissions by 2020. However, for businesses based in the capital, ULEZ could represent a significant expense, particularly for those firms tasked with managing a high volume of deliveries to and from their premises. Leading business organisation London Chamber of Commerce and Industry (LCCI) has even warned that it could risk putting firms, especially SMEs, out of business. It’s clear that, when adopted, the legislation will certainly place firms under further pressure to adapt business processes.