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Private parking firms who chase down motorists for unpaid parking fines are generating a jaw-dropping profit margin of 63 per cent. Financial analysis by the MHCLG demonstrates that debt collection companies could operate sustainably with charges of around £26 per parking ticket, assuming payment rates remain constant.

But they charge £70 per ticket. Private parking operators have frequently faced accusations of employing misleading signage, aggressive debt collection tactics and imposing unreasonable fees.

A Bill to enable the introduction of a code of practice for the industry received royal assent in March 2019. This code, due to come into force across Britain by the end of 2023, included halving the cap on tickets for most parking offences to £50, creating a fairer app

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