The UK government is laying a new code of practice for private parking operators in England, Scotland and Wales, six years after Parliament first legislated for reform and three years after the original code was killed by legal challenges from the parking industry itself. The new rules give drivers a five-minute window to decide whether to park and ten minutes to leave after their session ends before a charge can be issued. Appeals for honest mistakes — wrong registration digit, forgotten permit display — will cap penalties at £20. Medical emergencies, breakdowns, and broken machines will cancel fines outright. The politically salient number the government refused to move is £100. The existing industry-set maximum parking charge stays in place despite calls from Which? and consumer campaigners to halve it to £50 — the level that was briefly mandated under the withdrawn 2022 code. At 16.9 million private tickets issued in 2025-26, up 17% year-on-year, the revenue implications of that cap are enormous. Keeping it at £100 preserves the bulk of the industry's economics. The structural weakness is enforcement architecture. Which? wanted an independent appeals body with real regulatory teeth. The government has not delivered one. Instead, appeals for mitigating circumstances go through the existing operator-adjacent system. The 2022 code that was withdrawn had broader protections — cancelling charges in all mitigating circumstances — than the new £20 reduced-charge regime now proposed. In several respects, the replacement is less generous than what was struck down. Debt recovery fees — the £70 surcharges added when a fine goes unpaid, often without the driver's knowledge — remain untouched. The government has promised to consult on them "as soon as possible next year," which in Whitehall time means 2027 at the earliest. These fees are the industry's second profit engine: a £100 fine becomes £170 before many drivers even know they owe it. Andy Burnham framed this as an everyday fix for cost-of-living pressure. The grace periods and mistake protections are real improvements for the subset of drivers caught by timing errors. But the reform's centre of gravity is calibrated to avoid the legal confrontation that killed the last code. Parking firms successfully litigated away stronger protections in 2022; this code appears designed to survive judicial review by conceding the industry's core pricing power. The 20-year question is whether this pattern — legislation in 2019, withdrawn code in 2022, weakened replacement in 2025, debt-fee consultation promised for 2026 — represents incrementalism that eventually constrains the industry or regulatory capture in slow motion. At current growth rates, the UK would be issuing 50 million+ private parking tickets annually within a decade. Grace periods help at the margins. The fine cap and the absence of independent oversight determine whether the industry's extraction model scales with it. For consumers, the practical test is simple: does the total cost of a parking dispute go down? With the £100 cap intact, £70 recovery fees untouched, and no independent arbiter, the answer for most contested fines is no.