RAC: 'Record profits' from parking charges

Councils raked in the cash last year thanks to parking charges, according the RAC Foundation. Local authorities across England generated a combined profit of £594 million from their on and off-street parking operations throughout 2012/13, the foundation said.

The four councils which took the most money were all in London, according to the foundation. Credit: PA Wire

Quoting data from the department of communities and local government, the RAC said there was a 5% increase of the surplus of £565 million from the previous year. Only 52 of the 353 councils in England reported a deficit in 2012/13.

RAC Foundation director Professor Stephen Glaister said: "There's no disputing the figures we have looked at. They are the numbers the councils themselves submit to central government.

He added: "What's more, council budgets show that the surplus for the current year is set to be higher."

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Councils make '£594m in profit' from parking charges

Councils are taking home record profits from parking charges, according to the RAC Foundation. Quoting government data, the motoring charity found a combined surplus of £594 million across England for on and off-street parking during 2012/13.