Well, if there's 33 million vehicles in circulation that's 66p per minute of delay.
16000000000/365/33000000/2 = 0.66
66p is the equivalent of an £84k annual salary (0.66 x 60 x 40 x 52)
However, not all 33 million vehicles are on the road at the same time, even in rush hour. So the £84k rate has to be a bare min.
So Wellings believes that your time in a car is worth much more than £84k per anum.
To further demonstrate what garbage this is, if you drive an hour to work an hour back each day that's approximately equal to £20K per anum (60x0.66x52x2x5).
Anyone out there being paid £20k a year for just driving to work? Or "losing" £20k a year because they drive?
What about professional drivers such as hauliers? They're paid for driving, obviously, but unless I greatly mistaken do you know any hauliers that are paid greatly in excess of £84k a year?
Of course Wellings doesnt publish his "scientifically peer reviewed" calculation - it's only available by private communication with him....
So may it's just bullshit...