Still At It

1 12 2011

Category; Finance, Politics, Bristol

It takes a throwaway remark by a part-time local politician in one of Britain’s smaller cities to illustrate that while the eurozone crumbles and the Western world’s economy  faces deep recession, no lessons have been learned.

They are still at it.

The councillor responsible for transport in Bristol was talking about a new scheme to charge visitors to park their cars where it currently is free. This is what he had to say to the local BBC:

“He hoped the move would raise some £200,000 per year – allowing £3m in capital to be raised.”

BBC News 26 November 2011 – click here for the report; Ashton Court Parking

So how does £200,000 turn into £3 million? I’ve already discussed how this works here and then here, and here it is in operation. Read the rest of this entry »

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