English councils rake in £930m parking surplus in 2018-19

This topic contains 1 reply, has 2 voices, and was last updated by  joss 3 weeks, 2 days ago.

  • Creator
    Topic
  • #96898 Reply

    Brydo

    Article

    Councils in England made a surplus of £930 million from parking operations in 2018-19, up seven per cent on the previous financial year
    English councils made a total combined surplus of £930 million from parking operations in the 2018-19 financial year – an increase of seven per cent on 2017-18’s figure of £867 million and up 41 per cent on the £651 million made in 2013-14.

    The 353 local authorities in England who reported their parking revenues to central Government received a gross income of £1.746 billion from on-street and off-street parking operations in 2018-19. Of this, £454 million came from penalties – six per cent more than the £428 million in 2017-18. The figures exclude the £9.7 million generated from Nottingham’s workplace parking levy and any parking revenues from national parks.

    • Surge in driver details sold to private parking firms

    According to figures reported to the Ministry of Housing, Communities and Local Government and analysed by the RAC Foundation, £816 million was spent running council parking operations in the same 2018-19 financial year, not including interest payments or depreciation on capital assets such as car parks.

    The difference between the income and expenditure figures reveals a £930 million net operating surplus, which, if the councils were private companies, would be deemed ‘profit’. Of the 353 councils analysed, only 41 reported a net loss from their parking operations.

    As in previous years, councils in London generate the most net income from parking operations. Westminster topped the list with a net surplus of £69.2 million, followed by Kensington & Chelsea with £37.3 million and Wandsworth with £26.3 million.

    Steve Gooding, director of the RAC Foundation, commented: “Every year the Ministry of Housing, Communities and Local Government produces their tally of English councils’ income from, and expenditure on, parking.

    • Two-thirds of drivers avoid pay-by-phone parking bays

    “Because the official numbers exclude the cost of servicing parking-related capital investment funded from borrowing, the resulting surplus of income over costs might be overstated for some councils.

    “Penalties now seem to account for nearly half of all on-street parking income. What will surprise drivers is that even as parking income soars, the amount of money being spent on routine road maintenance by councils has been in reverse.”

Viewing 1 replies (of 1 total)
  • Author
    Replies
  • #96939 Reply

    joss
    Participant

    We motorists are just mere cash cows for councils and private parking co’s. You have to be very careful about where and when you park. Some will even charge you for driving in and then straight back out Know as ANPR controlled parking.

     

    Joss
    Current car BMW X2 2.0 Sport sDrive Auto 2019
    Last car Ford Focus Titanium 1.5 TDCI
    Builder of Gaming PC's

Viewing 1 replies (of 1 total)
Reply To: English councils rake in £930m parking surplus in 2018-19

You can use BBCodes to format your content.
Your account can't use Advanced BBCodes, they will be stripped before saving.

Your information: