Mayco member for safety, security and social services JP Smith explained that these fines had aged and could not be collected any more.
“It comes after the Treasury changed their accounting system.”
The City issues 180 000 fines a month.
“But we have a 35% collection rate, which is the highest in the country. The biggest offenders are taxi drivers who do not pay their traffic fines. One person would have between 140 and 190 outstanding warrants of arrest.