|H&F Has Fourth Largest Parking Surplus|
Raises more money than Birmingham and Manchester combined
Hammersmith and Fulham Council saw parking related 'profits' of over £19 million the most recent financial year according to an analysis by the RAC Foundation.
The borough' surplus in financial year 2012/13 was the fourth largest of any local authority in England. The money raised was slightly down on the previous year but this still represents a larger sum than that for Birmingham and Manchester combined.
Overall, English councils have made another record surplus from their parking activities. In 2012-13 councils generated a combined ‘profit' of £594 million from their day to day, on and off street parking operations. This is a 5% increase on the 2011-12 figure of £565 million.
The figures are calculated by adding up income from parking charges and penalty notices, then deducting running costs. Even after allowing for capital charges (interest and depreciation), the combined surplus in 2012-13 was still £460 million. This is a 12% increase on the £412 million figure for 2011-12.
The data, studied for the RAC Foundation by David Leibling , comes from the annual returns that councils make to the Department for Communities and Local Government.
The authority with the largest surplus in 2012-13 was Westminster with £39.7 million. The four biggest earners were all London authorities with only Brighton, Nottingham and Manchester breaking into a top ten dominated by councils in the capital.
The Government is currently holding a consultation to get the public's views about local authority parking enforcement.
Source: RAC Foundation
December 27, 2013