FINANCE

Councils' parking revenue approaches £1bn

The income councils raked in from parking trebled to almost £1bn in the last financial year.

The income councils raked in from parking trebled to almost £1bn in the last financial year.

AA analysis of new Government figures revealed English local authorities generated £962m from parking charges in 2022-23 - up from £318m the previous year.

Last year's income from both on-street and car park charges was more than the £936m brought in before the coronavirus pandemic in 2018-19.

A Local Government Association spokesperson said: ‘Income raised through parking charges is spent on running parking services.

‘Any surplus is spent on essential transport projects, including fixing the £14bn road repairs backlog, reducing congestion, tackling poor air quality and supporting local bus services.'

FINANCE

The recovery of local audit: the hard bit is to come

By Mark Stocks | 16 December 2024

Mark Stocks sets out how local assurance needs to be rebuilt to make recovery a reality.

FINANCE

Don't let the financial crisis destroy devolution

By Dr Simon Kaye | 10 December 2024

Recent developments in local government have raised as many questions as answers. Dr Simon Kaye offers a road map to navigate the current challenges.

FINANCE

Fresh revenue raising powers promised for councils

By Dan Peters | 04 December 2024

The Scottish Budget has pledged to ‘enhance the fiscal empowerment of local government through work on a fiscal framework’.

FINANCE

Let the funding battle commence

By Paul Marinko | 02 December 2024

The Government’s latest policy statement signals its intent to address the sector’s funding imbalance and councils are beginning to sense who will be the win...

Popular articles by Ellie Ames