‘Parking profits prove town is booming but we haven’t made as much as RAC claim’

Parking profits are up in Bedford.

Parking profits are up in Bedford.

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Claims that parking profits in Bedford Borough have soared by 79 per cent to more than £1million in the last year are incorrect say council chiefs.

This week, the RAC claimed that Bedford Borough Council’s surplus jumped from £641,000 in 2013/14 to £1,152,000 in 2014/15.

The breakdown firm said the figures were calculated by taking income from parking charges and fines and then deducting running costs.

But a spokesman for the council said the motoring body had failed to factor in rental costs paid for a car park and revealed that profits were much more modest

In 2014/15 the council made £482,500 from parking activities, but were unable to provide a comparable figure for 2013/14.

She said: “Revenue for on and off street parking in 2014/15 was 2.3 per cent higher than in 2013/14, an increase characteristic of Bedford’s booming economy.”

In 2014/15 the council made £482,500 from parking activities, but were unable to provide a comparable figure for 2013/14.

The RAC report revealed that councils in England made a £700million surplus through parking in 2014/15.

>Read the original RAC report by clicking here