Local Authorities: Financial Difficulties - Question

Part of the debate – in the House of Lords am 11:06 am ar 14 Chwefror 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Lord Sahota Lord Sahota Llafur 11:06, 14 Chwefror 2024

My Lords, council tax banding for our 25 million homes in England is based on their estimated market value in 1991. So, a two-bedroom flat in London, where property values have gone through the roof, falls in the same band as its equivalent in the north of England; a £1 million home is charged 0.2% of its value; and on average, one worth £250,000 is charged 0.6%. This year, 46% of households in England will receive a bigger council tax bill than Buckingham Palace. Does the Minister think that our council tax formula is regressive and needs reforming?