Just how profitable are Local Authority parking operations?

Parking income has been hit by the downturn, but some councils are proving adept at achieving financial efficiency

John Siraut is associate director, economics at consultant Colin Buchanan. All data is sourced from local authority annual returns to central government

John Siraut is associate director, economics at consultant Colin Buchanan. All data is sourced from local authority annual returns to central government

A year ago I predicted in Parking Review that local authority parking revenues would decline due to the economic downturn. The latest English local authority returns to central government shows, unusually, a prediction by an economist that turned out to be correct!

In my last feature I challenged the myth that parking is a ‘cash cow’ for parking authorities. My research found that many councils generate only modest revenues while nearly 100 make a loss. A year on the financial...

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