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11/03/2014
Cornwall Council Makes Over £300,000 From No-Change Parking Meters
Cornwall Council is making an estimated £307,293 a year over because its parking meters do not give change, according to the BBC.
The Council said that stocking 250 machines with change would be too problematic and costly.
According to the council between 2011 and 2012 it made over £340,000 on no-change machines.
The authority run by a Liberal Democrat-Independent coalition said in a statement: "If these machines gave change there would have to be a mechanism to ensure they were continually stocked with sufficient change and to address the situation if they were not."
(CVS/CD)
The Council said that stocking 250 machines with change would be too problematic and costly.
According to the council between 2011 and 2012 it made over £340,000 on no-change machines.
The authority run by a Liberal Democrat-Independent coalition said in a statement: "If these machines gave change there would have to be a mechanism to ensure they were continually stocked with sufficient change and to address the situation if they were not."
(CVS/CD)
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The Bank of England has said it will maintain its interest rate at 0.5%. It also gave no indication as to when it might increase the rate. In August 2013, governor Mark Carney said the unemployment rate would need to fall to 7% before an increase in interest rates would be considered.
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Northern Ireland WeatherToday:A mostly cloudy start with scattered showers, the showers becoming more isolated and largely confined to the south this morning. Becoming brighter this afternoon, the best of any sunnier spells across northern counties. Northerly winds easing. Maximum temperature 12 °C.Tonight:A dry evening with late sunny spells and some long clear spells overnight. Becoming cloudier across the north towards dawn with a few showers possible. Touch of frost in south. Minimum temperature 0 °C.
