Mon 2 Nov 2026
FTSE 100 10,761.33 -0.06%Microsoft 507.12 -4.78%NVIDIA 202.06 -6.45%Apple 338.32 -1.63%Google 278.04 -11.51%S&P 500 7,541.40 -1.76%Nasdaq 25,164.32 -3.84%Dow 51,983.98 -0.72%Russell 2000 2,805.88 +0.70%US 10Y Treasury 4.89% -1.98%Euro Stoxx 50 6,176.06 +0.18%DAX 25,981.09 +2.24%AEX-Index 1,132.54 -0.64%Nikkei 225 63,081.86 -0.29%Hang Seng 23,393.32 +0.78%Gold $3,956.60 -2.34%Silver $50.71 -5.14%Brent Crude Oil $104.23 -9.62%Natural Gas $2.86 +1.67%Copper $6.54 -1.48%GBP/USD 1.3408 +0.47%GBP/EUR 1.1975 +0.28%GBP/AUD 1.9148 +0.73%Bitcoin (USD) $76,720 -1.36%Ethereum (USD) $2,249 -0.01%FTSE 100 10,761.33 -0.06%Microsoft 507.12 -4.78%NVIDIA 202.06 -6.45%Apple 338.32 -1.63%Google 278.04 -11.51%S&P 500 7,541.40 -1.76%Nasdaq 25,164.32 -3.84%Dow 51,983.98 -0.72%Russell 2000 2,805.88 +0.70%US 10Y Treasury 4.89% -1.98%Euro Stoxx 50 6,176.06 +0.18%DAX 25,981.09 +2.24%AEX-Index 1,132.54 -0.64%Nikkei 225 63,081.86 -0.29%Hang Seng 23,393.32 +0.78%Gold $3,956.60 -2.34%Silver $50.71 -5.14%Brent Crude Oil $104.23 -9.62%Natural Gas $2.86 +1.67%Copper $6.54 -1.48%GBP/USD 1.3408 +0.47%GBP/EUR 1.1975 +0.28%GBP/AUD 1.9148 +0.73%Bitcoin (USD) $76,720 -1.36%Ethereum (USD) $2,249 -0.01%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 9°C Patchy rain nearbyBirmingham 7°C ClearManchester 10°C OvercastNewcastle 7°C OvercastBristol 7°C ClearPembroke 6°C ClearEdinburgh 6°C ClearBelfast 4°C ClearInverness 8°C CloudyPenzance 10°C ClearHolyhead 8°C ClearNorwich 11°C Patchy rain nearby
More Info

Record Tax Hike Sparks Legal Challenge from Badenoch

Advertisement
Follow News in 60 on Facebook

Kemi Badenoch, the Conservative leader, is preparing to challenge the government over a staggering 94% council tax increase proposed by Wandsworth Council. This unprecedented rise, attributed to significant funding cuts from central government, is poised to double the average council tax for residents, causing widespread concern among households already grappling with tight budgets.

The council has cited an £84 million annual funding reduction as the driving force behind this tax hike, which has drawn heavy criticism from various quarters. Badenoch insists that the council is not raising taxes out of choice but rather necessity, highlighting the financial pressures placed on local authorities by government cuts.

This situation underscores a broader issue regarding how council funding is allocated, with critics claiming that areas with Conservative leadership are disproportionately affected. Badenoch’s challenge could set a precedent for other councils facing similar funding dilemmas, particularly in London where several boroughs are considering legal action.

As the final decision on the tax increase looms early next year, the implications of this rise extend beyond local finances, potentially reshaping the political landscape as councils and the government navigate the fallout from funding reforms that some argue favour Labour-led areas over Conservative ones.

Source: BBC News

Read more Money news →

News Category: Money Tags: council, funding, government, taxation, wandsworth

Leave a comment

Your email address will not be published. Required fields are marked *