Councils generate billion pound surplus from parking

RAC Foundation analyses council parking revenue in England for 2023-24

Councils in England made a surplus of more than £1 billion from their parking activities in 2023-24.

Analysis by the RAC Foundation of the returns made by local authorities to central government show that total income from on-street and off-street parking activities was £2.008 billion whilst total costs were £989m, leaving a surplus of £1.019 billion.

This is compared with a surplus of £884m in 2022-23.

The councils are budgeted to make a £1.12 billion...

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