News Published on : 20-Sep-2021 16:34:19

Panicked homeowners with an empty driveway could be offered a financial lifeline as inflation surges to a nine year high of 3.2 per cent following the biggest annual monthly jump since records began. Indeed the sharp inflation shock which climbed 1.2 per cent from July to August has left a hole in the pocket of many Brits with food transport furniture and restaurant prices all soaring. And now online parking portal YourParkingSpace.co.uk predict a rush of listings on its website as worried households feeling the financial squeeze turn to savvy ways to balance the books. In fact according to research from YourParkingSpace residents in more than 25 towns and cities stretching from Aberdeen to Belfast to Bournemouth are already breaking the £ 1 000 average per year threshold as motorists look for alternative places to park their cars. Harrison Woods CEO at YourParkingSpace said: While inflation leaves a hole in the pocket of many Brits householders from all over the country will welcome the chance to earn an extra income stream with YourParkingSpace. Meanwhile it s also not all doom and gloom for motorists looking for places to park. As commuters travellers and event-goers flock back to the nation s roads cheaper alternatives to traditional pay-on-the-day car parking options will be needed amid the inflation shock. The demand for pre-booked rented empty driveways in town and city centres especially near train stations and office spaces is expected to rise as inflation rates increase added Harrison.