Friday, January 22, 2010
The benefits of deflation
Good news for taxpayers in Windsor and Maidenhead this week: the council have announced the largest cut in council tax in Britain - a whopping 4%. You may remember them as the council that has pioneered spending transparency. The cut equates to Â£41 a year off band D properties, and will be manna from heaven to hard-pressed taxpayers. People across the UK have seen their council tax more than double in the last ten years, and even now when times are tighter than ever we at the TPA have had reports of many councils continuing to increase council tax by the maximum of 4.9%. David Burbage, the councilâ€™s leader, told The Daily Telegraph: â€œWe are showing that council tax can go down as well as up. For too long council tax bills have inexorably risen.