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Workers are spending up to 42% earnings a week on steep parking fees

Brits are losing large chunks of their salary each year because of the convenience of parking close to the office, according to a new study. Research commissioned by The Car People revealed that the daily commute is leaving a dent in workers’ wallets as parking near to their workplaces within city centres.

London parkers that need a space in the city were left the most out of pocket at the end of the working week, with the Β£218 weekly costs slashing the average London earnings by 42%. Oxford and Leeds also ranked highly on the list, with Oxford workers taking a 35% hit to their earnings each week and Leeds charging 28%. Across the country, Ely was found to be the cheapest city with parking costing just around Β£5 each week, while on average the British workforce were expected to lose around 11% of their earnings to keep their cars.

Along with costs of car maintenance adds up to a costly commute, and opting for public transport doesn’t necessary solve your problems, so those travelling on a budget are being urged to think carefully about how to travel wisely, get to know your local area and learn what’s the best choice for you.

β€œWe know how expensive inner-city parking can be, and luckily most of us further up north benefit from free parking at work,” said Jonathan Allbones, Sales Director at The Car People. β€œHowever for those less fortunate there are excellent ways to try find spaces cheaper such as parkonmydrive.com which could save you a lot!”

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