Parking prices up – to £8bn a year

Parking prices up – to £8bn a year, from the Press Association

Britons are now spending nearly £8 billion a year to park their cars, with the most expensive parking in Knightsbridge, central London.

Parking prices rose 12.5% last year, with high charges deterring shoppers from visiting town centres, according to a survey by car insurance company Confused.com.

The most expensive parking is in Knightsbridge where motorists can be charged up to £36 for three hours.

The survey of 2,000 people found 69% intentionally avoided shopping areas with high parking prices.

As many as 65% said they would return to the high street if parking was more affordable, while 21% reckon current parking services do not offer enough space.

A total of 60% of motorists spend between six and 20 minutes every trip searching for a parking space, with 30% confessing to not feeling safe in car parks.

Nearly a quarter (24%) have been involved in a car park argument, with 11% of the altercations boiling over into physical violence.

Confused.com car insurance head Gareth Kloet said: “In today’s difficult financial climate, people have had to find ways to save every penny possible. Over-priced parking charges are a problem that every motorist in the country has to deal with.”

A Local Government Association spokesman said: “Many town and city centre car parks are operated by private companies or non-council organisations which set their own tariffs. No council puts up parking charges lightly and councils should rightly consult beforehand with residents and businesses which may be affected.

“Where councils are responsible for charges they strive to strike a balance between discouraging commuters from clogging spaces all day while not putting off residents from shopping locally. Introducing or increasing parking charges often boosts trade as it helps ensure a quicker turnover of shoppers.”

1 comment for “Parking prices up – to £8bn a year

  1. haslemerian
    07/09/2012 at 08:56

    If nothing else, Surrey and Waverley Councils (@SurreyCouncil, @WaverleyBC) should pay attention to point 4 in this article and act to avoid cannibalizing their own revenues. A survey of 2000 people is statistically credible and relevant.

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