Thursday 10th January 2013
Be Wiser Insurance
The price of parking charges in the UK today is a hot topic with many drivers and recently it has been reported that local councils across the country have reported a record breaking average increase in profit of around 15% in 2011/2012 up to more than £410 Million.
Unfortunately, some of the UK’s leading motoring organisations have come out to criticise local authorities on the huge increase in profits they have made here. In addition, they are being accused of not funnelling the money back into areas like road safety.
It seems that reports have revealed that the amount some councils are spending on road safety, education and safe routes to schools has decreased by as much as 18%. Overall spending on highways and transport has dropped by roughly 6% and the amount spent on large construction costs had also gone down by around 13% with a further cut of 11% expected this year.
In defence of their position councils have claimed that they are using these huge profits to plug some of the gaps in finances that have come from government spending cuts. They are saying that money is going to other projects like filling potholes, bus passes for the elderly, street lighting and park and ride schemes, which do benefit all road users at some point.

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