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Conservatives pledge two year freeze on council tax

The Conservatives have pledged a two-year freeze on council tax if they get into power.

Speaking at the Conservative conference in Birmingham today, Shadow Chancellor George Osborne said he hoped the move would help families struggling with the rising cost of living by saving a typical band D household over £200.

He said: “Instead of council tax bills that rise year after year under Labour, millions of families will get help at the time they need it most. Conservatives will not leave people to struggle with the credit crunch alone.”

The Conservatives said the cost of the council tax freeze would be shared between local and central government.

Any council that makes savings to keep its annual council tax increase to 2.5 per cent or below will receive additional money from central government to reduce council tax bills by a further 2.5 per cent.

This central government funding will be raised by reducing spending on expensive private sector consultants and advertising by £500m in the first full year of government, and by £1bn in all subsequent years.


Bye-bye PPI?

Payment protection insurance has conjured up industry reaction yet again with consumer body Which? calling on the Financial Services Authority for reform, and the FSA itself announcing its plans to increase its intervention into the sale of PPI.

LV= launches large case service

Protection provider LV= has unveiled its plans to draft in a team of specialists to front its new large case service for advisers dealing with high net worth clients.

The return of emerging markets

Ewan Thompson, Head of Emerging Market Equities, Neptune Although in political terms 2016 will be remembered for the seismic shocks of the Brexit vote and Trump’s presidential victory, the year was also a watershed for the global economy and emerging markets in particular. Following five years in the wilderness, the conditions are now in place […]


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