English Councils Rake in £930 Million Profit From Parking
ParkingCouncils across England made a surplus of £930 million from parking operations for the 2018/19 financial year, up 7% versus the previous financial year.
A report to the Ministry of Housing, Communities and Local Government and analysed by the RAC Foundation highlighted this total.
The 353 local authorities who provided their parking revenues to central Government made a gross income of £1.746 billion from parking in the 2018/19 financial year. This comprised £454 million from penalties and £558 million from permits.
Council costs for running parking operations amounted to £816 for the last financial year, not taking into accounts interest payments or depreciation of assets such as car parks.
Just 41 local authorities included within the report made a loss on parking operations in 2018/19.
London councils generated the highest incomes from parking with Westminster topping the list with a profit of £69.2 million. Westminster was closely followed by Kensington & Chelsea (£37.3 million profit) and Wandsworth (£26.3 million).
Steve Gooding, RAC Foundation Director, said: “Every year the Ministry of Housing, Communities and Local Government produces their tally of English councils’ income from, and expenditure on, parking.
“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.”
Would you like to see councils put more of their profit back into road maintenance? Let us know on our Facebook Page.
---
What We Do
We are one of the UK’s largest vehicle recycling centres with a mission to drive down the costs of motoring. We stock 10s of thousands of quality used OEM car parts for almost any make or model with fast UK delivery. Take a look at what’s available in our online store and start saving today!
Nearside vs Offside – How to Tell the Difference
Car Door Mirror, Car Parts, Car Parts Online, Nearside, OEM Parts, Offside, Spare Parts, Used Car Parts, Wing Mirror
We've put together this simple guide to ensure you’ll always remember which way round nearside and offside are. Trust us, this will help massively next time you need to replace a light, mirror or any other part which is located on both sides of your car.
Common Ford 1.0L EcoBoost Engine Problems
EcoBoost, Engine Problems, Engine Replacement, Ford, Used Car Engines
Check out our guide highlighting some of the most common problems with Ford 1 litre EcoBoost engines.