Confused.com reveals that Brits fork out nearly £8bn a year on over-priced parking places
Confused.com research has revealed more than three quarters (78%) of Brits fork out up to £150 a month when paying for parking.
Parking prices rose 12.5% over last year alone, forcing Brits to spend close to a whopping £8bn
If the retail sector, and indeed Britain, is to return to economic prosperity, the consumers' road to the high street needs to be as simple as possible. An overwhelming
However, the hope of parking without paying extortionate rates looks to be a faraway fantasy across the country as more than three quarters (78%) of Brits currently spend up to £150 on parking each month. While this might seem steep, it's a far cry from the prices people in the Knightsbridge area of London face. Drivers in the city centre have to live with the country's most expensive car park which charges £36 for 3 hours parking - an average of £12 an hour.
While the overall cost of motoring is rising, motorists need to look around for the ways they can save on daily necessities.
The Confused.com Parking app could save drivers hundreds of pounds a year by allowing them to check out the prices of nearby car parks. For example, shoppers using Birmingham's Royal Angus street car park twice a week, could save themselves £888.00
With so much being spent going on parking charges, it's unsurprising that more than 3 in 5 (64%) Brits list the price of parking as a key consideration when deciding where to go shopping. With over half (57%) of all parking spaces in the UK being 'pay-to-park', a staggering 82%
Moreover, British shoppers are frustrated that the car parks they're forking out for simply aren't up to scratch. More than one in five (21%) Brits feel that the current services don't offer enough space, and with a paltry third (
Gareth Kloet, Head of Car Insurance (http://www.confused.com/
Confused.com press office