George Osborne’s council tax freeze will benefit families in large homes more than families in smaller houses, research showed today.
Londoners living in the top council tax band properties stand to gain an average of £131.52 while those in the lowest value homes will benefit by only £43.84, a leading charity found.
The average saving across the capital for people in Band D homes – a standard measure of council tax – will be £65.76 or just £1.26 a week next year, according to Family Action.
The Conservatives said average families would save up to £72 a year when Mr Osborne hailed his tax break at the party conference last week. The Chancellor said the £805 million move – the second year in a row that council tax has been frozen – was “help for families” at a time when household bills are soaring.