UK drivers hit by cost of parking
The cost of car-parking for UK drivers has rocketed in the past six years, according to Direct Line car insurance.Research by the firm shows that the average cost of car-parking has risen by an average of 25 per cent across the country, with motorists in Berkhamsted in Hertfordshire, Ponteland in Northumberland and St Mary's Bay in Kent facing increases of 90 per cent in charges since 2000.Perhaps unsurprisingly Londoners continue to pay the most in car-parking fees with two hours parking in Westminster now costing about £7.99, closely followed by second placed Islington at £7.32 and Heathrow at £7.01.Car-parking fines have also increased with nearly one in five motorists being hit by a fine in the past two years, costing a total of £425 million."Parking is a bone of contention for most drivers in the UK and our research shows that because of rocketing costs and limited spaces drivers are literally forced to wittingly break the law â€" and consequently be hit with fines in the process," Emma Holyer, Direct Line's motor spokesperson, said."If you are driving into a busy place its worthwhile doing some research to find out about any park and ride schemes or any cheap car parks in advance as it could save you serious money," she added.
Share this..
Related stories
Could a global banking tax save Gordon Brown?
It seems that each and every day sees a new supporter of the proposed worldwide banking tax, otherwise known as the "Tobin tax" or the "Robin Hood tax", but will this new tax actually make it onto the statute books? While there is still great resistance from the UK banking arena, and the worldwide banking arena, if we see another economic downturn around the world in the short term it is likely...
Read MoreGovernment to reduce IHT liability on pension assets
The UK government is looking to change the regulations regarding pension assets which have until now been subject to total tax charges of up to 82% upon the death of the underlying individual. The new proposals will see a 55% tax charge on any remaining pension fund assets upon the death of an individual with the balance able to be transferred to any other individual and not fall within IHT regula...
Read MoreEnergy cuts should have been faster and further
03/02/2015 The recent cuts that the “Big Six” energy companies made to customers bills could have been much bigger and have been made a lot earlier, according to consumer body Which?. Research carried out by Which? showed that energy companies have been keeping prices artificially high, and bills could have been cut "further and sooner" than the reductions announced in January. UK househ...
Read MoreMortgage deals and the 90% rule
A number of mortgage holders have received very alarming news in the post of late as a number of mortgage companies look to realign their business and reassess their potential risks. A number of fixed rate mortgages have been taken out over the last few years which required customers to ensure their mortgage debt was no more than 90% of the value of their home, over the life of their mortgage. In...
Read MoreUK government confirms fuel tax rise on April Fools' Day
While we may be enjoying the fun and frolics of April Fools' Day it is no joke for UK motorists with a 2.12p a litre fuel tax rise levied on their petrol and diesel from today. Even though the UK authorities delayed the implementation of the fuel tax increase it is estimated that the rise will cost each and every family in the UK around £54 a year. This comes at a time when it has never been more...
Read More