Don't kill off high street trade through parking charge hikes
Councils could kill off high street trade if they hike town centre parking charges, a small business support organisation has warned.
In recent months, local authorities across the UK have proposed hefty increases in the charges they impose on motorists for parking on streets and in council-owned car parks in order to plug shortfalls in their budgets due to widespread cuts in local government funding.
However, the Forum of Private Business believes raising the rates could put small firms out of business as shoppers are driven away from the high street and towards out-of-town supermarkets and retail parks, which enjoy ample free parking.
The not-for-profit support organisation has also pointed out that the move will hit small traders at a time when they are facing the prospect of a potentially damaging downturn in trade next year, due to the forthcoming VAT rise.