Lyons proposes funding changes for all

clock

A review into the organisation and funding of local government has proposed changes be made to council tax bills which could increase costs for the most expensive UK homes as well as businesses, but would give more pensioners a rebate.

Details of the Lyons Inquiry report, produced by Sir Michael Lyons and published this morning, suggest several options the government could consider for the management of local government funding, and which consider whether council tax is still an appropriate method of getting monies from local households or whether a local income tax would be more appropriate. According to the report, “council tax is not broken” but the key consider should be whether it is fair to effectively charge everyone the similar rates regardless of savings and income. So Lyons is proposing the government could ke...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Leicester-based financial planner enters liquidation

Leicester-based financial planner enters liquidation

Trust Financial Planning ceased all regulated activities on 19 March

Sahar Nazir
clock 14 August 2025 • 1 min read
Aviva platform net flows climb 28%

Aviva platform net flows climb 28%

Driven by higher adviser client retention and expanding direct wealth channel

Sahar Nazir
clock 14 August 2025 • 2 min read
FCA whistleblowing cases rise to more than 300 in Q2 2025

FCA whistleblowing cases rise to more than 300 in Q2 2025

FCA closes 350 reports

Patrick Brusnahan
clock 14 August 2025 • 1 min read