As London boroughs face unprecedented financial difficulties due to public spending cuts and high inflation, most are set to increase council tax by an average of around 5% in April. Some boroughs, like Newham, are raising this tax by nearly 10% after seeking government permission to avoid bankruptcy. Additionally, councils are altering tax reduction rules, impacting exemptions for specific households. These changes indicate the increasing financial strain on local governments aiming to maintain essential services amidst rising economic challenges.
London boroughs are set to raise council tax by an average of around 5% in April, with some hitting nearly 10% due to financial pressures.
Many councils are changing tax rules to raise funds, affecting exemptions and leading to higher mandates for households struggling with cuts and inflation.
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