DRIVERS and businesses will benefit from proposed cuts to Severn Crossing’s tolls the Transport Secretary has announced today.

Chris Grayling was joined by Welsh secretary Alun Cairns and Monmouth MP David Davies for the statement during a visit to Wales.

The government’s proposals would mean prices paid for cars, lorries and coaches will be halved, and small buses and vans will save 75 percent.

It is expected that the new toll charges will be introduced in 2018, following a return to public ownership of the crossings – which will be managed by Highways England.

To improve congestion and journey times they are also looking at removing toll barriers and introducing free-flow tolling on the Severn Crossings.

It is hoped that the changes will make a difference for commuters, travellers and small businesses in particular, and improve the economy.

Secretary of State Chris Grayling said: “The government is determined to make the right decisions for Britain’s future and reducing the tolls on the Severn Crossings will cut costs for businesses helping boost jobs and trade in Wales and across the south-west.

“The future toll prices announced today will not only guarantee the future and safety of the crossings for generations to come but will also boost the economy whilst offering the best value for money for motorists and the taxpayer.”

Cars will pay £3.00 instead of £6.70, small buses or vans will pay £3.00 not £13.40, and lorries and coaches will pay a 50 percent discounted fare of £10.

Blue Badge holders and motorcycles will continue to be exempt from the tolls, and tagged users will also see reduced charges.

The money raised will pay for the operation and maintenance of the crossings as well as future improvements.

Yate and Thornbury MP Luke Hall, said: “I am delighted the Government is looking to go even further than before in reducing costs for local people who use the Severn crossing.

“I have consistently raised the importance of reducing the tolls ministers and I urge local residents who use the bridge to respond to the consultation with their thoughts.”

Welsh Secretary Alun Cairns said: “These savings will make a huge difference to those who use the crossing regularly and it will provide a major boost to companies pitching for new business, who can now be much more competitive.

“The Severn Crossing is a vital artery into Wales and reduced tolls demonstrate once again that Wales remains open for business.”