TfL reap in revenue from fines after last year’s changes to Congestion Charge
There’s been plenty in the news recently about how the Government can raise revenues to replace tax holes and reduce traffic in the Green Industrial Revolution.
But it’s by no means a new idea.
Take the London Congestion Charge for example. I was shocked to realise that kicked off as long ago as 2003.
(Where did the time go?!)
But the scheme’s been a real money-spinner for Transport for London’s revenues, with the Government body earning £52m from the charges between September 2019 and 2020.
But that’s not where the real money is made. Oh no.
TfL handed out some 817,000 penalty charge notices to late-paying drivers in the 12 months prior to September 2020.
And it turns out they issued 60% of those fines in just four months. Why?
Because those were the four months that followed the Congestion Charge being extended from five to seven days a week.
So presumably most of the fines went to the poor suckers who didn’t get the memo before making their weekend trips into the capital.
The charge fee also went up at the same time from £11.50 to £15. And you still need to pay it within three days of travelling inside the zone.
So basically, what we're saying is, please don’t forget about the changes if you or your drivers are heading into London at the weekend!