Episode Details
Back to EpisodesDriveway Deficit: Extra £2k/Year for Urban Drivers
Description
Drivers without driveways in the UK pay an average of £1,996 more over ten years due to higher insurance premiums and residential permits. Londons new developments have seen a 75% drop in parking spaces since 2016, with one in five builds offering no spaces at all. The impact is most severe in deprived areas like Oldham, Birmingham, and Hull, where low-income drivers face significant premium hikes. The EX8 postcode in East Devon has the highest combined costs, up to £2,118 per year. Diesel drivers pay an additional £50-£100 surcharge per permit, with even steeper charges for high emitters. As urban planning reduces parking, these driveway deficits increase living costs for car owners.
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