Driver fury as parking ticket debt firms record disproportionately high' 63% profits

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"Companies that charge drivers fees for recovering parking ticket debts are operating with an average profit margin of more than 60 per cent, a Government document has disclosed. The Ministry of Housing, Communities and Local Government (MHCLG) stated that this figure indicates a "market failure", while the AA branded the margins "disproportionately high". Debt recovery agencies are employed by parking operators to pursue payment for unpaid tickets, often adding up to 70 in additional fees per ticket for drivers."

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The Independent covers reproductive rights, climate change and Big Tech while producing documentaries such as 'The A Word' that highlight American women fighting for reproductive rights. The outlet investigates issues including the financials of Elon Musk's pro-Trump PAC and seeks donations to fund reporters on the ground. The Independent states it is trusted across the political spectrum and keeps reporting free of paywalls, arguing quality journalism should be available to everyone and funded by those who can afford it. Government data show companies charging drivers fees for recovering parking ticket debts operate with average profit margins above 60%, which MHCLG calls a market failure and the AA labels disproportionately high. Debt recovery agencies often add up to 70 in fees per ticket. A February 2022 code of practice was withdrawn after a legal challenge, and a new Labour Government consultation seeks further evidence on capping such fees.

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