You are here: Home - Uncategorized -

Council tax ‘has almost doubled’ since Blair took office as PM

0
Written by:
26/06/2007

People’s average council tax bill has almost doubled since Tony Blair was elected Prime Minister in May 1997, according to a recent analytical report from mortgage lending bank Halifax.

The rise, from £550 to nearly £1,100, is three times higher than the rate of inflation and twice the rise in annual earnings, standing at 91% higher than 10 years ago.

“This is an appalling indictment of a Government that was supposed to be reducing the burden of taxation on ordinary people,” said property expert Mark Saville.

“With increases in other levels of personal taxation, many people are now far worse off than when New Labour came to power with promises on taxation that have been proved to be so much hot air.”

But the Local Government Association (LGA) has dismissed the report as a “rehash” of old information and said that councils needed extra money to deal with an ageing population and profound social change like the massive influx of immigrants into some areas of the UK.

Average earnings have increased by 51% over the past 10 years and retail price inflation has gone up 31%, with the typical UK household now paying £1,078 in council tax a year, compared to £564 in the 1997/98 financial year.

 

Related Posts

Tagged:

Tag Box

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.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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...

Money Tips of the Week

Read previous post:
Ball volleyed into Brown’s court on gender pay gap issue

As Wimbledon 2007 gets underway - the first to offer male and female competitors the same prize money - a...

Close