Royal Borough generates £2m surplus from parking charges

The Royal Borough generated a £2m cash surplus from parking charges and fines last year, according to new figures released by the RAC Foundation.

The foundation found the borough had made a £2.253m profit before capital costs from its parking operations in 2011/12, up from £2.207m the previous year.

The study analysed the amount councils spend on tickets, permits and penalties and deducted the amount spent on parking operations.

The council had the 69th highest surplus out of more than 350 authorities analysed, with Westminster coming out on top with an eye-watering profit of £41.6m.

Overall, councils in England generated a £565m surplus from their parking operations.