THE CITY OF London Corporation has been accused of using a traffic ban at the Bank Junction to rake in nearly £200,000 a day in penalty charge fines.
All vehicles, except buses and bicycles, have been banned from using the junction in the heart of the Square Mile’s financial district since May 22 and minicabs, taxis, lorries and vans have all been caught on cameras since the system went live with an automatic numberplate recognition system.
Official figures released show that 41,948 penalty charge notices have been issued from June 7 to July 14, with an average of 1,498 motorists caught each day and issued with £130 penalty charge notice fines of £16,228 an hour.
Conservative MP Charlie Elphicke said:
The cameras on this junction are fleecing motorists for £200,000 a day. Many people would say this looks like a case of revenue-raising rather than anything to do with road safety. The cameras are simply there to raise revenue but they cause big resentment and are incredibly unfair.
A spokesman of the City of London Corporation said the vehicle-ban scheme was brought in to prevent fatal traffic accidents, reduce pollution, cut bus journey times and make deliveries easier.