£1bn revenue is raked in on parking charges: Councils are accused of milking ‘money cow’ motorists as document annual determine is revealed
- Councils accused of utilizing motorists as ‘money cows’ over parking charge stats
- A document £1billion in parking expenses and fines have been raked in by councils
- That is the equal of £2.7million on daily basis – or £32 each single second
Councils have been accused of utilizing motorists as ‘money cows’ final night time after raking in a document £1billion in parking expenses.
The staggering sum consists of the price of automotive parks and road permits after some cash-strapped councils raised costs by as much as 230 per cent.
It additionally consists of the money from parking fines issued by armies of site visitors wardens working for the greater than 350 native authorities in England, Scotland and Wales. Division for Transport figures present the earnings banked for parking expenses in 2018-19 was £996million.
It quantities to £2.7million a day – or £32 a second. The determine is after working prices have been deducted.
Councils have been accused of utilizing motorists as ‘money cows’ final night time after raking in a document £1billion in parking expenses (inventory picture)
The sum was up from £929million the yr earlier than and £875million the yr earlier than that. Only a decade in the past, city halls have been raking in £250million in parking expenses.
The information additionally reveals the Treasury acquired a document £7billion in automobile excise obligation (street tax) in 2019. This was up from £6.5billion in 2018.
The amount of money raised by gas obligation in 2019 remained steady at round £27.8billion although curiosity in electrical vehicles is rising.
However regardless of the sums raised, the quantity invested in native roads fell from simply over £5.3billion in 2018-19 to £5.28billion in 2019-20. And the quantity spent from the pots of cash primarily used for street repairs plunged over the 5 years to 2019-20 from £1.3billion to £655million.
It quantities to £2.7million a day – or £32 a second. The determine is after working prices have been deducted (inventory picture)
Howard Cox, founding father of the FairFuelUK marketing campaign group, mentioned: ‘Money-strapped native authorities and the Treasury see motorists as the best and most dependable of money cows…. perennially demonised drivers get diddly squat in return.’
David Renard, spokesman for the Native Authorities Affiliation, mentioned: ‘Earnings raised by on-street parking expenses is spent on operating parking companies.
‘Any surplus is spent on important transport initiatives, together with fixing potholes and tackling congestion.’
The DfT pointed to a £27.5billion funding technique for motorways and main A-roads.