London councils make £1million a day 'profit' from parking charges and fines

London's councils generated a 'profit' of almost £1million a day from parking charges and fines handed out to motorists, according to new figures.

Authorities raked in £589m over the course of a year, and after spending £233.8m on expenses like wardens' wages came out with a surplus of £361.6m.

That was just under £1m for each 24 hours over the 2016/17 financial year, according to data published by London Councils, which represents all 33 local authorities.

Authorities raked in £589m over the course of a year, and after spending £233.8m on expenses like wardens' wages came out with a surplus of £361.6m

Authorities raked in £589m over the course of a year, and after spending £233.8m on expenses like wardens' wages came out with a surplus of £361.6m

Westminster had the highest surplus, at £68.8, followed by Kensington and Chelsea (£32.2 million), Camden (£26.8 million), Hammersmith and Fulham (£22.8 million) and Wandsworth (£20.7).

At the bottom of the pile was Sutton, who had just £264.2 left over, followed by Havering at £573.2.

The figures covered parking tickets and other control measures such as fines for parking on yellow lines. They exclude speeding tickets, which go to the government.

By law, councils have to invest any profit from the charges into improving local transport, and almost half the figure went into subsidising concessionary tickets such as the Freedom Past for over-60s.

London Councils also claim the economic benefit of keeping traffic moving through the measures is worth £3.58billion to the capital's economy.

But the figures still angered campaigners, including campaign

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