How hard can it be?
Anyone who's driven on UK roads will likely be aware that the country's road network isn't exactly in the finest shape at the moment. On top of seemingly being riddled with potholes, the main motorway and trunk road infrastructure struggles also have a considerable negative impact on the UK economy. In fact, the problem has become so problematic, that a substantial amount of money is being offered to the person. group or company that can provide a satisfactory solution.
Admittedly, this move isn't 100 percent the work of the UK Government, but rather as a result of Lord Wolfson's Economics Prize. However, judging by the wording in the announcement, it very much looks like a genuine solution is being sought after here. After all, it's explicitly stated that this task will be to find a sustainable way in which to "pay for better, safer, more reliable roads in a way that is fair to road users and good for the economy and the environment". Unsurprisingly, such a project brief is incredibly ambitious, hence why the Wolfson Economics Prize will award the winning entry with a cash prize of 250,000 GBP - or just over $306,000 at current exchange rates.
As we mentioned earlier, this competition requires a solution to a highly complex problem, which even successive UK governments have struggled to properly tackle in a meaningful way. Therefore, it's not too much of a shock to know that the Wolfson Economics Prize won't be limiting entries to the British Isles: as long as a submission is made by 9AM GMT on March 2nd 2017, anyone is permitted to take part. For those of you who are interested, the full terms, conditions and submission details can be found at the policyexchange.org.uk/wolfsonprize/ website. Oh, and we'd love to hear from you if your entry is shortlisted and ends up winning the competition.