29 October 1986: The M25 motorway is opened

On this day in 1986, London’s orbital motorway was officially opened. It took 11 years to build, and cost £7.5m a mile.

Car on the M25 in 1984
the M25 didn't stay this clear for very long
(Image credit: © Mike McKeown/Daily Express/Hulton Archive/Getty Images)

As far back as 1911, planners had been proposing a ring road around London. By the 1960s they were proposing four concentric ring roads – the London Ringways – plus a whole lot of radial routes in and out of the city.

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Ben Judge

Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.

Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin. 

As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.