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The Independent UK
The Independent UK
Business
Neil Lancefield

Driver fury as parking ticket debt firms record ‘disproportionately high’ 63% profits

AA MHCLG the RAC Foundation
Debt collecting firms often charge as much as £70 on top of fines - (Gareth Fuller/PA Wire)

Companies that charge drivers fees for recovering parking ticket debts are operating with an average profit margin of more than 60 per cent, a Government document has disclosed.

The Ministry of Housing, Communities and Local Government (MHCLG) stated that this figure indicates a "market failure", while the AA branded the margins "disproportionately high".

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