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A Top City of London Money Maker Is This...Traffic Camera
Posted
June 2, 2022
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2,254
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June 2, 2022
2,254
19
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1:23Now PlayingA set of traffic cameras is one of the City of London’s top money makers, bringing in £15 million over 3 years. The junction at Bank only allows buses and bicycles.
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Bordered by the Bank of England, the Royal Exchange and Mansion House, Bank Junction is the beating heart of the City of London. It is also one of the financial district’s top money spinners.
A traffic camera system designed to catch vehicles who breach its stringent restrictions pulled in £15.2 million ($18.9 million) in penalty charges in the three years through 2021, according to a Freedom of Information request to the City of London Corporation, the district’s governing body.
Its £3.2 million haul in 2021 was about 40% of all such fines levied in the Square Mile and makes it one of the most lucrative traffic spots in the UK capital -- even with takings down almost half from 2020 as drivers cottoned onto the restrictions.
#London #UK #Explained
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