Increases to parking fees across the Isle of Wight have been scrapped — less than two weeks after the controversial move was approved.

Charges will also not be introduced on Union Street in Newport and fees will not be increased for various parking permits, the Isle of Wight Council has announced.

It follows the unveiling of the authority's ruling Alliance Administration's budget plans for the financial year ahead, where council leader Cllr Phil Jordan said the cost of car parking would be frozen.

He said doing so would be good for businesses and shoppers in the Island's town and villages.

A decision was made at the end of January, by the council's director of community services, to increase the parking fees and costs of parking permits.

Among the changes, it would have hiked the price of the All Island Permit to nearly £780 a year.

All of the price increases could have made the authority an additional £431,867.

A challenge had been made by some Isle of Wight councillors, which could have halted the increases, but the challenge was rejected earlier this week.

Now with confirmation from government the council will get an extra £3 million a year to deliver services on an Island, the authority has made a U-turn on the parking charges decision.

A council spokesperson has confirmed the increases will not be going ahead.