The regs indicate that the speedometer can never give a lower speed reading than the actual speed so manufacturers generally make the speedometer give a higher reading so that you are actually going slower than you think...
Shaun
The amended Road Vehicles (Construction and Use) Regulations 1986 permits the use of speedometers that meet either the requirements of EC Council Directive 75/443 (as amended by Directive 97/39) or UNECE Regulation 39.[11]
The Motor Vehicles (Approval) Regulations 2001[12] permits single vehicles to be approved. As with the UNECE regulation and the EC Directives, the speedometer must never show an indicated speed less than the actual speed. However it differs slightly from them in specifying that for all actual speeds between 25 mph and 70 mph (or the vehicles' maximum speed if it is lower than this), the indicated speed must not exceed 110% of the actual speed, plus 6.25 mph.
For example, if the vehicle is actually travelling at 50 mph, the speedometer must not show more than 61.25 mph or less than 50 mph.