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English councils could make a record surplus in excess of a billion pounds from their parking activities this year, according to a new study.
Analysis commissioned by the RAC Foundation found that local authorities collectively expect to make £913 million from parking charges and penalties in 2019/20 once running costs have been taken into account.
But the research noted that councils have underestimated the money they will make from parking by between 9% and 10% over the past three financial years, suggesting the final surplus for the current 12-month period could top a billion pounds.
Analysis commissioned by the RAC Foundation found that local authorities collectively expect to make £913 million from parking charges and penalties in 2019/20 once running costs have been taken into account.
But the research noted that councils have underestimated the money they will make from parking by between 9% and 10% over the past three financial years, suggesting the final surplus for the current 12-month period could top a billion pounds.
