Sign In

Login

Forgot your password?

Create Account

Register


Councils slash road budgets despite £165m increase in parking revenues

Councils slash road budgets despite £165m increase in parking revenues
Want create site? Find Free WordPress Themes and plugins.




Tristan Shale-Hester

2019-01-09 00:01

Councils’ net profit from parking has risen from £682m to £847m in five years while road budgets has fallen £400m in the same period

Best parking apps - header

Local councils have seen a £165m rise in the net revenue generated by their parking operations over the last four years, yet have slashed spending on local roads by £400m over the same period.

Official figures show local authorities in England, Scotland and Wales made £847 million in net revenue from all forms of parking charges and fines in 2017/18, compared with £682 million in 2013/14. Adjusted for inflation, this represents a 10 per cent increase.

Yet the amount spent by councils on roads has decreased from £2.8 billion in 2013/14 to £2.4 billion in 2017/18. This equates to a 21 per cent decrease, again adjusted for inflation.

Councils collect £42m from bus lane fines

The analysis, which comes from comparison website Confused.com, shows local authorities in 101 out of 176 areas have increased their net income from parking, 87 of which have simultaneously reduced their road spending. 

Newport was the authority that increased its parking profits the most over five years – rising from £16,000 to £306,000 – followed by Leicester City and Havering. 

Authority Net parking profit in 2013/14 Net parking profit in 2017/18 Percentage increase (adjusted for inflation)
Newport £16,000 £306,000 1,645.7 per cent
Leicester City £631,000 £3,658,000 429.2 per cent
Havering £758,000 £3,614,000 335.2 per cent
Wrexham £-149,000 (cost of services exceeded revenue) £301,000 284.4 per cent
Argyll & Bute £69,000 £274,000 262,5 per cent

Another notable example is Westminster City Council, which made a £69 million net revenue from parking in 2017/18. Adjusted for inflation, this represents a 43 per cent increase from 2013/14’s figure of £44 million.

Parking fees set to rocket as councils plug spending gaps

Some authorities did actually increase the amount they spent on road improvement over the last five years. Hackney Council did so the most, increasing its net roads spending from £7,422,000 in 2013/14 to £13,416,000 in 2017/18 – a 65 per cent increase, adjusted for inflation. However, this didn’t match the 83 per cent increase in its parking profits in the same period.

Authority Net roads spending in 2013/14 Net roads spending in 2017/18 Percentage increase (adjusted for inflation)
Hackney £7,422,000 £13,416,000 65.0 per cent
Hounslow £10,049,000 £17,342,000 57.5 per cent
Tower Hamlets £2,753,000 £4,559,000 51.2 per cent
East Renfrewshire £7,051,000 £9,925,000 28.5 per cent
North-East Lincolnshire £6,481,000 £8,315,000 17.1 per cent

A separate poll of 2,000 motorists by Confused found 41 per cent of respondents had not noticed any improvements to the conditions of the roads in their area, with 37 per cent saying they are confused as to why more is not being done to improve road conditions. 

Amanda Stretton, motoring editor at Confused.com, said: “While councils are justified in charging for parking and issuing fines for illegal parking, many motorists are confused about why this money isn’t being re-invested into our roads.”

Do you think more should be spent on our roads? Let us know your thoughts below...



Source link

Did you find apk for android? You can find new Free Android Games and apps.

About the Author

Facebook Comments

About Us

Buy & sell your used cars in Nigeria. Choose from our inventory of used cars & tokunbo cars for sale in Nigeria.

We are the top provider of secure and usable online presence to Nigerians to sell, advertise and buy used and new cars including Tokunbo cars.

Our Hours

  • Monday  08:00 - 19:00
  • Tuesday  08:00 - 19:00
  • Wednesday  08:00 - 19:00
  • Thursday  08:00 - 19:00
  • Friday  08:00 - 19:00
  • Saturday  08:00 - 19:00
  • Sunday  Closed

Our Contacts

Recent Posts

Copyright © 2017. Car traders Nigeria. All rights reserved

Project by GOLDMINE

%d bloggers like this: