You are here: Home - Household Bills - News -

Council tax sees fastest rise in 14 years

0
Written by:
29/03/2018
Council tax is set to rise by an average of over 5% next month, the steepest increase in over a decade.

The average Band D council tax set by local authorities in England for 2018-19 will be £1,671 which is an increase of £81 or 5.1% on the 2017-18 figure of £1,591, according to a report by the Ministry of Housing, Communities and Local Government. However, there is considerable variation between different parts of the country.

Since 2010, council tax bills have risen by less than inflation and other key household bills. However, this year, 148 out of 152 authorities with responsibility for social care will use some or all of the 3% ‘adult social care precept’ flexibility when setting their council tax. This gives councils the right to raise council tax by 6% over two years to help pay for elderly care.

The average area Band D council tax will be £1,405 in London (an increase of £55 over 2017-18). London boroughs will have a lower increase compared to most other authorities – 4 out of 33 London boroughs have frozen their average Band D rate. The Report said: “London is shown to be an area of relatively low council tax compared to the rest of the country, with 9 of the 10 lowest local area council tax in the country.”

Other urban areas will bear the brunt of the rises: The average rise is £1,658 in metropolitan areas (+£83) and £1,728 (+£88) in unitary areas (areas with large county towns). Shires will see an average rise of 2.8% at £1,749 (+£86).

 

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
woman in car
A practical guide to selling your car

It’s March and with the arrival of new car registrations, many people will be looking to sell their current motor...

Close