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6:06 AM ETDeveloping

Business Desk

In Short: Some London councils are reportedly discussing doubling or tripling council tax increases, potentially adding hundreds to residents' bills, as they seek to entice new residents.

With record numbers of cash-strapped local authorities potentially forced to hike council tax by 100 to 160 percent, bills could soar beyond the typical £120 rise faced by council taxpayers next year.

Experts warn that these increases, which would add an extra £500 to £800 to average annual bills, could significantly impact residents in affected areas, particularly those in band D properties.

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Sources

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