Parking costs adding up

British workers could be spending over 10% of their annual salary parking their cars near the workplace, according to new research commissioned by The Car People.

Based on the average Brit earning £27,000 a year with an annual income of £21,639 after tax, The Car People claim Britons could be losing 11% of their weekly wage, paying out £44 on parking 15 minutes away from the city centre.

The research revealed London as the UK city with the most expensive city centre parking, costing an average of £218 a week and £11,375 a year. London was followed by Oxford and Leeds as the most expensive cities centres for commuters to park.

The Car People analysed the price of city centre car parks during 8:30am – 5:30pm across the country. More information can be found of their website: www.thecarpeople.co.uk