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Laurence Fox vows to stop ‘war on motorists’ by cutting parking fees

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Lans to reduce the cost of parking in London were unveiled Wednesday by mayoral candidate Lawrence Fox, as he pledged to reverse the “war on motorists”.

The actor and activist has said that if elected to mayor he would seek to cap the cost of residence permits at £ 200 per year – less than half of the amount charged in some London boroughs.

There was no explanation from the Fox campaign on how they would avoid a black hole of around £ 200million a year in Transport for London’s current finances. His spokesperson insisted: “These measures will pay off.”

London’s highest strip, Camden, costs £ 493 a year, while Islington charges up to £ 490 and Lambeth up to £ 318.

“I will reduce the cost of parking in London by 50% if I am elected.”

Asked how Mr Fox would balance the books, his spokesperson said: ‘If we don’t take this step to revive central London, the loss of revenue will only increase.’

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