Councils break the billion pounds profit level
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- and off-street parking activities was £2.008 billion whilst total costs were £989 million, leaving a surplus – or profit – of £1.019 billion.
This is compared with a surplus of £884 million in 2022-23.
The councils are budgeted to make a £1.12 billion surplus in the financial year just ending (2024-25).
In 2023-24, more than half of the English surplus (55%) was generated in London, with Westminster Council accounting for £75.9 million (7.5%) of it.
