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PARKING costs are being cut by Liverpool council in a bid to encourage more people into the city centre.

On-street parking bays will have costs reduced by 9% while the price of parking all day at Mount Pleasant car park will be almost halved from £7 to £4.

And the council is to change the restrictions raising the maximum stay in on-street bays from two hours to four hours.

Up to four hours on city centre streets will cost £5 – undercutting private car parks like Liverpool One’s Q-Park and St John’s Centre which charge £9 and £6.40 respectively for the same amount of time.

Cabinet member for transport and climate change, Cllr Tim Moore, said: “We think motorists will really welcome these proposals, which will see the cost of parking at city centre pay-and-display bays reduced for the first time in many years.

“And I’m sure increasing maximum parking times will also prove popular with visitors, shoppers and businesses.”

The changes are set to be introduced in November and are part of a city-wide review into parking, with further changes to be announced soon.

Under the proposals the cost of using an on-street parking bay will be reduced by 9% for minutes, from £1.10 to £1.

It will bring the cost of parking for two hours down from £4.40 to £4. Mount Pleasant car park will see even bigger reductions.

Parking for up to one hour will cost £1, down from £1.30; up to two hours will be £2, down from £2.60; up to three hours will fall to £3 from £3.90; and over three hours will be reduced to £4 from £5.20.

All day parking at Mount Pleasant is currently £7, and it will be reduced to £4.

London Road will also benefit from the new regime, with charges for one hour reduced from £1.10 to £1, and over three hours capped at £3.50 instead of the current £5.

The council is now starting consultation over the proposals to increase the maximum time vehicles can park at city centre pay and display bays from two hours to four.