You are here: Home - Uncategorized -

Council tax ‘on the way up again with 3.5% rise’

0
Written by:
22/01/2007

Council tax bills will go up by an average of 3.5% in April, according to the Local Government Association (LGA).

The figures, based on draft saving and investment budgets prepared by over a quarter of the country’s local authorities, would represent the second lowest rise since council tax was introduced.

The rise would add a touch less than £45 to the average Band D bill of £1,268.

However, taking local authorities individually, some are actually reducing their charge. Hammersmith and Fulham, for example, an inner London borough controlled by the Tories, is planning to reduce its charge by 3.5%.

But the LGA survey also shows that some county councils are putting up their charge by 4.9%, just below the level at which the Government would cap their rate. The main reasons cited for these increases are that the councils affected need to make saving and investment on a scale only allowed by this level of charging.

One council, Tory-run Tewkesbury in Gloucestershire, was even considering a rise above the limit, although this would bring it into conflict with the Government.

LGA chairperson Lord Bruce-Lockhart said: “Without additional funding to make adequate saving and investment, local government may potentially face a situation, by as early as 2009, where it cannot afford to provide support to the 370,000 people lower levels of need.”

 

 

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

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

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...

A guide to switching energy provider

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

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:
Act addresses ID theft

A new Fraud Act will tackle the issue of identity fraud, which has become increasingly prevalent in recent years.

Close