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....Given that young people were much less likely to own a home than their predecessors at the same age, Gardiner said the growing concentration of property wealth among fewer families raised concerns about wealth inequality for the UK as a whole. Anne Baxendale, director of campaigns and policy at Shelter, said: “At a time when buying a first home is a pipe dream for many, councils should not be incentivising owners of second homes by offering a reduced rate on council tax. ... [Read full article on Guardian ]
Saturday 19th of August 2017 03:54:34 PM
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....StepChange suggests making a budget to give a clear picture of what money is coming in and going out so that you can then understand what repayments are possible to work down debts. “It’s crucial that you make sure before putting money to repaying debts that you have allocated money in your budget for your essential living costs (food, clothing, travel and so on) and what are called priority bills – these are things like mortgage/rent, gas, electricity bills and council tax,” said a guide from the charity. ... [Read full article on Guardian ]
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....After three years at university Vic Froggett has started in her first job and is adjusting to the succession of new bills she has to pay. But as well as the increased cost of rent, travel and council tax, in the background is her mountain of debt – student loans of £40,000. ... [Read full article on Guardian ]
Sunday 20th of August 2017 06:00:35 AM
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Latest Finance News related to Council Tax

Getting to grips with a £32,220 student debt – and how you can lighten the load image
....After three years at university Vic Froggett has started in her first job and is adjusting to the succession of new bills she has to pay. But as well as the increased cost of rent, travel and council tax, in the background is her mountain of debt – student loans of £40,000. ...
Second-home ownership up 30% since 2000, research finds image
Source : Guardian [Read Article] Saturday 19th of August 2017 03:54:34 PM
....Given that young people were much less likely to own a home than their predecessors at the same age, Gardiner said the growing concentration of property wealth among fewer families raised concerns about wealth inequality for the UK as a whole. Anne Baxendale, director of campaigns and policy at Shelter, said: “At a time when buying a first home is a pipe dream for many, councils should not be incentivising owners of second homes by offering a reduced rate on council tax. ...
The UK debt tide is rising – how can you avoid drowning? image
Source : Guardian [Read Article] Monday 14th of August 2017 06:00:35 AM
....StepChange suggests making a budget to give a clear picture of what money is coming in and going out so that you can then understand what repayments are possible to work down debts. “It’s crucial that you make sure before putting money to repaying debts that you have allocated money in your budget for your essential living costs (food, clothing, travel and so on) and what are called priority bills – these are things like mortgage/rent, gas, electricity bills and council tax,” said a guide from the charity. ...
Half of landlords in one London borough fail to declare rental income image
Source : Guardian [Read Article] Sunday 13th of August 2017 01:04:01 PM
.... It has banned 28 landlords, served 2,170 notices to improve properties, and recovered £2. 6m in additional council tax. ...
Britain’s young suffer as austerity continues to take its toll | Letters image
.... Then it can be stopped for several months by a zero-hours contract or a benefit sanction. Since 2013 it has had to pay rent and council tax. ...
Downsizing: The disadvantages of moving to a smaller home image
Source : Daily Express [Read Article] Sunday 6th of August 2017 10:41:00 AM
....This is an increasingly popular option, with the over-55s withdrawing a record £701 million from their homes in the three months to June 30, the highest quarterly figure ever, according to the Equity Release Council. David Hollingworth, mortgage broker at London & Country, says downsizing to raise funds or clear debts will tempt many, and has other advantages: "It can cut the time you spend on cleaning, maintenance and gardening, and shrink your gas, electricity, council tax and other household bills. ...
We could end the buy-to-leave scandal – if the political will was there | Polly Toynbee image
....Above all, every effort should be made to freeze the housing market, and the intention announced to stop prices rising by more than inflation. Government has plenty of levers: lift the cap on council tax bands, so property pays today’s rate, not one last set in 1991. ...
How much do YOU pay in tax? Hardworking British families hit with £24k tax bill last year image
....Hardworking families are being taxed almost as much as the typical average salary and are hammered with a staggering number of levies. On top of income tax and national insurance, households are hit with council tax, fuel duty, VAT, as well as stamp duty, fuel duty and inheritance tax. ...
Switching your current account – Five minute guide with all you need to know image
....”. However, there is still plenty to tempt, with the popular Santander 123 Lite paying 1 per cent cashback on water and council tax bills, 2 per cent on gas and electricity, and 3 per cent on mobile, landline, broadband and digital TV payments. ...
Trouble in the Dales as holiday homes become the new buy-to-let image
Source : Guardian [Read Article] Saturday 1st of July 2017 06:00:06 AM
.... You can also kit out the cottage to a luxury standard and deduct the entire cost from your pre-tax profits. A major tax loophole means you also don’t have to pay council tax on the property, and can almost certainly avoid local business rates. ...
My credit score is at risk after landlord failed to register correct address image
.... However, it would appear the landlord never registered this address as online postcode searches don’t recognise it. Meanwhile, our council tax is charged to “Flat 1st and 2nd Floor”. ...
BRITAIN'S SHAME: Ex-soldiers facing 'dangerous' levels of debt, warn experts  image
Source : Daily Express [Read Article] Saturday 24th of June 2017 10:33:00 AM
.... "The difficulties and struggles of post-military life can sometimes be forgotten. “Once out of barracks they have to pay rent, council tax and utility bills that they previously would not have been responsible for. ...
Debt bubble returns millions to days of 2008 crash image
Source : Guardian [Read Article] Saturday 17th of June 2017 11:05:51 PM
.... It really is one of the great problems of the time that politicians have to grapple with,” said Peter Tutton, head of policy at debt charity StepChange. “We are seeing more and more households struggling just to make basic ends meet – to pay their rent, to pay their council tax, to pay their gas bill. ...
How will the General Election affect your money? Pensions, savings and tax compared  image
.... Garden Tax According to analysis by the Institute for Fiscal Studies (IFS) Labour would raise taxes to their highest ever peacetime levels to pay for spending. One of the party's key proposals is to replace business rates and council tax with a Land Value Tax (LVT). ...
Jeremy Corbyn's Land Value Tax: Labour's garden tax will see house prices CRASH image
....Families face plunging home values and potential negative equity if Jeremy Corbyn slaps a Land Value Tax (LVT) on properties, as promised, according to the Labour Land Campaign (LLC). The levy would replace council tax and business rates and will result in the "collateral benefit" of knocking house prices, the group gleefully told Labour members. ...
Sandbanks is priciest seaside town in UK, plus the worst mobile providers image
....Scottish Power in the dark about my mother’s electricity supply. Reading says ‘no’ to council tax discount on a house we can’t live in. ...
Reading says ‘no’ to council tax discount on a house we can’t live in image
....I live in Reading and have recently bought a property that has started to subside. The insurers have deemed it uninhabitable, so I will have to live elsewhere with my family and two children, most likely in Reading and most likely paying council tax on two properties. ...
Tax on test: do Britons pay more than most? image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
....Higher earners pay income and social security taxes that are on a par with the US, Australia and Spain, but which are much less than those in France, Sweden and Ireland. VAT, levied at a standard rate of 20%, is towards the lower end of sales tax rates across the EU, though council taxes are relatively high by comparison. ...
Best bank accounts for FREE money: How to switch and earn £250 image
Source : Daily Express [Read Article] Friday 19th of May 2017 03:52:00 PM
....5 per cent interest on a balance of up to £20,000. Mobile, TV and broadband bills direct debts on the account also fetch cashback of three per cent, energy bills receive two per cent and, water and council tax get cashback of one per cent. ...
UK inflation rate at highest level since September 2013 image
Source : BBC [Read Article] Tuesday 16th of May 2017 08:32:29 AM
....Electricity and food prices also went up, but there were falls in the cost of gas, petrol and diesel. The Retail Prices Index (RPI), a separate measure of inflation which includes council tax and mortgage interest payments, reached 3. ...
Best savings rates: How to make your money work harder image
Source : Daily Express [Read Article] Sunday 14th of May 2017 01:43:00 PM
....5 per cent of interest. Mobile, TV and broadband bills direct debts on the account also fetch cashback of three per cent, energy bills receive two per cent and, water and council tax get cashback of one per cent. ...
Battle ground image
Source : BBC [Read Article] Sunday 14th of May 2017 01:14:58 AM
....One of the key questions in any debate about tax is usually who's paying and who pays the most. Based on income, the top half of households contribute 78% of combined receipts for income tax, national insurance, VAT, excise duties and council tax. ...
UK will face pay squeeze this year as inflation spikes, warns thinktank image
Source : Guardian [Read Article] Wednesday 10th of May 2017 04:57:33 AM
....7% on average, leaving workers to face the largest real-terms cut in their takehome pay since early 2014. The warning follows the controversy over rising energy bills and inflation-busting increases in council tax that have already hit household budgets ahead of the general election. ...
Bankruptcy risk as ‘desperate’ councils play the property market image
Source : Guardian [Read Article] Saturday 29th of April 2017 10:10:17 PM
....Cable said he could understand why councils were considering such strategies. “When they are massively constrained in what they can do around council tax – and indeed commercial rates – they are trying to prevent even deeper and more damaging cuts by taking these unorthodox measures. ...
Minister makes U-turn over £300m business rates relief fund image
Source : Guardian [Read Article] Monday 24th of April 2017 06:16:40 PM
.... Many of the affected businesses are in Conservative heartlands and the pressure saw the chancellor Philip Hammond announce a £435m relief package in the budget. Half a million shopkeepers, pubs and restaurants saw their rates bills – the commercial equivalent of council tax – increase at the start of this month after a revaluation of property hit parts of the country where prices have surged. ...
Housing crisis: more than 200,000 homes in England lie empty image
Source : Guardian [Read Article] Thursday 20th of April 2017 06:15:35 PM
....Councils and the government have worked to cut the number of empty homes, primarily by reducing tax incentives which encouraged owners to leave properties unused. In recent years most councils have increased council tax bills on second homes and adopted stricter rules on council tax discounts for empty homes. ...
Five-minute guide to 'National Price Hike Day' image
Source : Daily Express [Read Article] Sunday 2nd of April 2017 12:01:00 AM
....April heralds another annual round of inflation-busting price hikes for everyday services, putting yet more pressure on the nation’s wallets. There is no escape with the cost of gas, electricity, broadband, council tax and a host of other charges rising from yesterday. ...
Six changes to your finances from 1 April image
Source : BBC [Read Article] Friday 31st of March 2017 10:26:26 PM
...
Cash in the pocket image
Source : BBC [Read Article] Friday 31st of March 2017 09:16:50 PM
. Household budgets are likely to be further stretched in the first week of April, as dozens of items including water bills, council tax, NHS charges, and some broadband and energy charges all rise. ...
The Guardian view on house prices: the government lacks the political will to fix the broken market | Editorial image
.... They could then sell land on to developers who commit to building affordable housing of better quality for quick release. This should be accompanied by tax reform – council tax is a hugely regressive property tax based on property values from 1990 – and stronger rights for tenants in the private rented sector, including caps on rent rises and longer-term minimum tenancies of at least five years. ...
Council tax bills to rise in nine out of 10 English local authorities image
Source : Guardian [Read Article] Sunday 26th of March 2017 11:01:43 PM
. Households across the country are facing inflation-busting council tax hikes with nine out of 10 local authorities in England expected to increase rates from April. ...
UK inflation rate leaps to 2.3% image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:34:06 AM
....He said that transport costs accounted for more than a third of the inflation figure. This month, the ONS has started to promote its preferred inflation statistic, CPIH, which includes a measure of housing costs and council tax. ...
Reality Check image
Source : BBC [Read Article] Tuesday 21st of March 2017 12:18:54 AM
....The ONS is changing its headline rate of inflation for the first time since it moved from RPI to CPI in 2003. The new headline rate is CPIH, a measure of how much prices are rising that, unlike CPI, takes into account owner-occupiers' housing costs and council tax. ...
Seven ways to teach your kids about money image
Source : Guardian [Read Article] Saturday 18th of March 2017 06:30:31 AM
.... Rather than just saying “We can’t afford it”, explain why. Talk to your children about all the different things that have to be paid for, including tax and national insurance, along with mortgage/rent, council tax, utility bills, insurance, phone and broadband and the weekly shop. ...
UK inflation basket: gin and cycling helmets dropped in image
Source : Guardian [Read Article] Tuesday 14th of March 2017 11:31:07 AM
....Children’s scooters are also in, replacing swings. Fees for stopping cheques are out, while council tax has been included. ...
Bailiff industry still problematic, say charities image
Source : Guardian [Read Article] Tuesday 14th of March 2017 08:00:16 AM
....The report also claims that the scale of bailiff use is significant and growing. Last year, Citizens Advice helped people with 82,000 issues related to bailiff action – with 57,000 issues related to bailiff enforcement of council tax debt alone. ...
Some bailiffs 'still abusing powers', debt charities say image
Source : BBC [Read Article] Tuesday 14th of March 2017 12:03:59 AM
....Together they have called for the establishment of an independent regulator for bailiffs, and a single and simple way for people to complain about over-zealous bailiffs. The use of bailiffs to enforce the recovery of debts is still widespread, with unpaid council tax being a particularly common reason. ...
Care homes say extra £2bn from budget must go to frontline services image
Source : Guardian [Read Article] Friday 10th of March 2017 07:38:27 AM
....However, senior figures in the care home industry claim that previous attempts to pump money into social care have failed and are concerned the same will happen again. Last year councils were given the power to increase council tax through a precept if the extra funds went to social care providers. ...
Budget: More help for pubs in rates change image
Source : BBC [Read Article] Wednesday 8th of March 2017 01:28:46 PM
....All alcohol duty will go up with the rate of inflation, as previously planned. Business rates are in effect the commercial version of council tax, and are paid on the rental value of the space that businesses occupy. ...
Government abdicating responsibility for social care, say providers image
Source : Guardian [Read Article] Tuesday 7th of March 2017 07:00:36 AM
....Green said that the government needed to ensure that any financial support for the sector in the budget made its way to care providers, rather than getting stuck inside local authorities. He claimed that some of the cash raised by local authorities through a council tax precept last year has not made its way to care providers, despite the government insisting that social care should be the recipient of the tax hike. ...
Simplify the tax system and the ‘economy will be more efficient’ image
Source : Daily Express [Read Article] Monday 6th of March 2017 08:33:00 AM
. The body wants the Government to do away with capital gains tax, stamp duty, council tax, business rates and inheritance tax. ...
Scheme to combat rogue lettings agents under attack image
Source : BBC [Read Article] Monday 6th of March 2017 12:19:27 AM
.... . "Alarm bells rang when the council contacted me to ask who was responsible for the council tax at the house," Teresa said. ...
London loses out in business rates revamp image
Source : BBC [Read Article] Saturday 4th of March 2017 12:07:28 AM
...." . Business rates are in effect the commercial version of council tax, and are paid on the rental value of the space that businesses occupy. ...
Barclays apologises for cash machine and debit card faults image
Source : BBC [Read Article] Saturday 25th of February 2017 04:31:38 PM
...." . Another customer, Chris Sparks, who lives in Camberley, Surrey, said he was worried he would not be able to pay his council tax bill after his card was declined in a local Sainsbury's. ...
Move over granny: the ‘graddy annexe’ is on the rise image
Source : Guardian [Read Article] Tuesday 21st of February 2017 03:18:11 PM
.... With nearly half the graduates who paid full tuition fees in 2015 back living with their parents, plus all the other young adults unable to get a foot on the property ladder, there has been a boom in so-called “graddy annexes” to accommodate young people moving home. According to reports, the number of homes with an annexe for family members has jumped by a third in the past two years – thanks to council tax breaks for those building to house relatives. ...
Tackle your debts while interest rates are at lowest image
Source : Daily Express [Read Article] Sunday 19th of February 2017 11:59:00 AM
.... . Fuel prices are accelerating and local authorities are hiking council tax by up to 5 per cent, lifting average bills by nearly £80 to more than £1,600 a year. ...
UK business rates battle hots up as firms challenge government image
Source : Guardian [Read Article] Friday 17th of February 2017 11:52:58 AM
....Gauke also brushed off suggestions that turnover should determine business rates rather than the rental value of the property. Business rates are effectively the commercial version of council tax. ...
Britons spend more on food and leisure, less on booze, smoking and drugs image
Source : Guardian [Read Article] Thursday 16th of February 2017 11:03:11 AM
....70 or 14% of total spending. It was closely followed by housing – excluding mortgage interest payments and council tax but including rent – fuel and power at £72. ...
The baby boomers have enjoyed the good times – now a tax hike is due | Phillip Inman image
....Instead, the new tax bands are a way to recognise that almost a fifth of the population live on a different economic plain and many have disposable incomes akin to workers on wages twice or three times as high. Pensioners on incomes above £20,000 a year will usually have paid off their mortgage and have few fixed costs apart from council tax and utility bills sapping their monthly bank balance. ...
Less of the burden when reporting on tax forecasts, please | Brief letters image
Source : Guardian [Read Article] Friday 10th of February 2017 07:24:20 PM
. While the people of Surrey await full disclosure of precisely what was said, by who, and when, from their county council to the government on the issue of council tax rises (Report, 9 February), it is not unfair to point out that there certainly were compelling reasons for council leader David Hodge to try to get a special deal over the issue. ...
Pensioner homeowners are missing out on hundreds of pounds of extra income image
Source : Daily Express [Read Article] Tuesday 7th of February 2017 07:10:00 PM
. Roughly half of pensioners are eligible to claim council tax support or pension credit, but of these six out of 10 either claim less than they are entitled to or nothing at all. ...
System is ‘close to failure’ as PM’s council raises tax for social care image
.... With Britain’s overstretched and underfunded social care system at breaking point, she can add the council in Maidenhead, her Berkshire constituency, to that growing list. The Conservative-run royal borough has not raised council tax for almost a decade, but this year residents will have to pay the maximum 3. ...
Paying for care at home: how to negotiate the minefield image
Source : Guardian [Read Article] Saturday 21st of January 2017 07:00:28 AM
....Then the council looks at Jack’s costs. It finds that his gas and electricity bill is £15 a week (but this is excluded) and his council tax is £18. ...
The war on austerity has begun … in Surrey | Deborah Orr image
Source : Guardian [Read Article] Friday 20th of January 2017 05:23:34 PM
.... Sugar? Spice? All things nice? Either way, the leader of the county’s Conservative council, David Hodge, has done something politically bold and worthy of national attention. Hodge has announced that, owing to cuts in central government funding, he wishes to raise council tax by 15%, to pay for social care. ...
10 ways to cut your tax bill image
Source : Guardian [Read Article] Saturday 14th of January 2017 07:00:19 AM
....9 Claim if you do other work If you earn some extra money in a self-employed capacity, deduct all reasonable costs before you declare it. If you work from home you can claim a proportion of costs, such as lighting, heating, cleaning, insurance, mortgage interest, council tax, water rates and general maintenance. ...
The social divide image
Source : BBC [Read Article] Tuesday 10th of January 2017 03:09:34 PM
....It is using the Gini Coefficient, which is a measure of inequality - in this case, a coefficient of zero would mean that all households had the same income while 100 would mean that one household had all the income. These figures are for disposable income, which is what you get after you've added benefits and subtracted direct taxes such as income tax and council tax. ...
The Guardian view on the housing crisis: right to rent | Editorial image
Source : Guardian [Read Article] Sunday 8th of January 2017 07:21:18 PM
.... As an IPPR report concluded in October, what is needed is an active deal-making process between the devolved authorities and Whitehall, where the former release public land and invest public money in developing local skills. In return, the government rationalises funding streams, allows retention of stamp duty on new builds, and devolves control over council tax to shape types of tenure. ...
Inheritance tax is toxic. We need new ways to tackle inequality | Polly Toynbee image
.... Property wealth needs to be collected and redirected to struggling young families with no chance of owning their own home. Start with a council tax that genuinely reflects the value of homes: currently, with no revaluation of tax bands since 1991, it’s capped very low for valuable properties, while squeezing money out of those with nothing. ...
Young to inherit more but in less equal amounts, says IFS image
Source : BBC [Read Article] Thursday 5th of January 2017 11:05:09 AM
....But Mr Johnson said raising the amount that people pay in inheritance tax was not necessarily the best answer. "You may well find that a more effective set of policies are policies that support younger people, and particularly in the housing market; policies, for example, that increase council tax and reduce Stamp Duty, or increase the amount of houses that are built. ...
Household debt rises to post-credit crunch high image
Source : BBC [Read Article] Wednesday 4th of January 2017 11:26:03 AM
....He explained that about half of creditors tended to give debtors time to regain control of their finances, but if there are multiple creditors that relies on all of them doing the same thing. These may be debts to High Street banks, credit card firms, local authority council tax departments and even the Department for Work and Pensions. ...
Payday loans are capped. Now let’s tackle other high-cost credit | Gillian Guy image
....High-cost credit, however it is provided, can all too often lead to unmanageable debt. People can quickly fall into a debt trap, borrowing more to make repayments or falling behind on priority bills such as council tax or energy. ...
Deadline: one month left to file your tax return image
Source : Guardian [Read Article] Saturday 31st of December 2016 07:00:21 AM
....Chas Roy-Chowdhury, head of tax at the Association of Chartered Certified Accountants, says that if, for example, you did some regular freelance work from home during the year, on top of your normal PAYE job, you would be entitled to deductions against the freelance income. Revenue & Customs says you may be able to claim a proportion of your costs for things such as heating, electricity, council tax, mortgage interest or rent, and internet and phone. ...
Councils told to keep tax hikes low despite social care budget holes image
Source : Guardian [Read Article] Friday 30th of December 2016 02:54:59 PM
. Ministers have told local authorities to keep council tax rises low amid reports that some are considering referendums on increasing charges by as much as 16% to cope with holes in their social care budgets. ...
Five-minute guide to the rising cost of care homes image
Source : Daily Express [Read Article] Sunday 18th of December 2016 12:01:00 AM
. The cost of long-term care has hit the headlines lately, with council tax bills set to rise 6 per cent to plug the massive £2. ...
Council tax can rise by 3% a year to help fund social care – Javid image
Source : Guardian [Read Article] Thursday 15th of December 2016 01:28:55 PM
....Under the plans, councils will be able to raise an extra 3% from their local population this year and 3% next year to fund social care, bringing forward planned increases of 2% a year. A typical band D council tax bill of £1,530 this year would rise by £46 next year to fund social care, on top of a discretionary general increase of 2%. ...
COUNCIL TAX WARNING: Bills could jump by SIX PER CENT in next two years  image
Source : Daily Express [Read Article] Wednesday 14th of December 2016 11:33:00 AM
....Households will be made to pay higher bills in an effort to provide communities with more cash to fund social care, according to Sky News. It means bill payers could see their council tax increase by £100 in just two years. ...
Study finds 7m Britons in poverty despite being from working families image
Source : Guardian [Read Article] Wednesday 7th of December 2016 12:01:15 AM
....Cuts to benefits were also identified as a factor in poverty. “Increasingly, the social security system does not cover the full cost of essentials for those on low incomes, such as rent and council tax,” the report said. ...
What you need to know about funding your golden years image
Source : Daily Express [Read Article] Wednesday 30th of November 2016 12:01:00 AM
....You can get the best of both worlds by splitting your pension between an annuity and drawdown. Lowe says: “Use your state pension and annuity to cover everyday bills such as food, council tax and utilities and be flexible with what’s left. ...
'Basically a huge tax increase': readers on proposed pension age rise image
Source : Guardian [Read Article] Monday 28th of November 2016 02:30:32 PM
....Dead on, they think younger people don't know they were born, and consistently vote for worse conditions for younger people, yet lapped up early retirement, higher pensions (75% of welfare is spent on over 60's), higher wages than us when they were working, and lower taxes and bills, before all the failed privatised stuff, and the slightly revised poll tax,. I mean council tax. ...
'I worry about money all the time': the Jam reality in Birmingham image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 08:59:52 AM
.... She extended the mortgage twice to meet household bills as she brought up three children, the youngest of whom is 16. She recently received a letter from the bailiffs over costs related to late payment of council tax, and although she has decided to ignore it, the worrying memory of the letter keeps popping back into her mind. ...
Chancellor picks goodies selectively from his autumn statement bag image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 12:01:49 AM
....The picture is less clear among care homes and in the social care sector, where Hammond’s concerns ought to be concentrated. Osborne introduced a voluntary 2% social care precept into the council tax bills to alleviate cost pressures but reports from local government suggest social care budgets are over-stretched, severely so in some cases. ...
Care homes in crisis as revised figures reveal surge in insolvencies image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 05:51:54 PM
....Seperate figures from insolvency agency Opus has found that roughly a third of the remaining 18,000 care homes in Britain are at risk due to their financial health and 13% are “zombie operators” that pay more in interest and servicing their debt than they make in profits. Last year George Osborne, then chancellor, gave councils the power to increase council tax by 2% – a so-called “precept” – to help fund care homes and social care. ...
'Just about managing' families to be £2,500 a year worse off by 2020 – study image
....The study is based on the financial circumstances of 187,475 households in 17 district, council and metropolitan borough councils in England, Scotland and Wales under a mix of political control. The analysis, which uses housing benefit and council tax data supplied by the local authorities, gauges the cumulative impact of various welfare reforms, including the benefit cap, housing benefit freezes, bedroom tax and universal credit changes. ...

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