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@TheBrick(Tommy)
I read they cost about £110 million and raise £80 million, however to gain the same level of enforcement would cost much more in police time. Of course people just slow down and speed up again but at least they slow down for a bit and hopefully in the "most dangerous areas".
A point of view here.
http://www.monbiot.com/archives/2010/07/26/tory-boy-racers/