The amount of money councils generated from parking fines and charges has risen by more than £60 million over the past year, research published by the RAC Foundation has revealed.
The Foundation found that local authorities made a surplus of £756 million during the 2015/16 financial year. This amount is 9% higher than 2014/15’s total.
The figure was calculated by taking the income councils received from parking charges and penalty notices, and then deducting any running costs.
Ministers have warned that parking should not be used as a method of increasing revenue.
However, the Local Government Association (LGA) stated that ‘councils do not make a profit from parking’.
Judith Blake, transport spokesperson for the LGA, commented: ‘Income from on-street parking charges is spent on running parking services, and surpluses are spent on essential transport projects, such as tackling the £12 billion roads repair backlog, creating new parking spaces and providing subsidised bus travel for children or elderly residents.’