Councils collect £502m in parking revenues Town halls in London have been accused by the Government of "ripping off" motorists by raking in more from on-street parking schemes while cutting their costs. Councils in the capital received revenue of £502m in 2012/13, up by £7m from a year earlier. In contrast, their expenditure for providing on-street parking fell from £273m to £259m. Local Government Minister Brandon Lewis said: "It is clear from these figures that some councils are ripping off motorists by cutting their own costs but increasing revenue from on-street parking at the same time. The law is extremely clear that on street parking may not be used as a source of general revenue."
With courtesy of Evening Standard