Jonathan Isaby, Political Director, TaxPayers' Alliance, has told ITV News Central that companies have previously moved out of the city to avoid paying parking levy charges.
Nottingham's parking levy is to increase by 16% from next week. It will rise from £280 to £344 per space.
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Another largely dry and bright day with plenty of winter sunshine.
The morning will be cold and windy with bright spells, but also some isolated showers, most likely across Derbyshire.
A pedestrian in his eighties had to be airlifted to hospital after being hit by a lorry in Brownhills this morning.