Thursday 15 November 2018

Fear of backlash at the polls means changes to LPT unlikely

Analysis

The Government will be ultra-cautious about imposing any additional burden on these 1.15 million households for fear of a backlash at the polls in the local and European elections, and the general election to come. Stock photo
The Government will be ultra-cautious about imposing any additional burden on these 1.15 million households for fear of a backlash at the polls in the local and European elections, and the general election to come. Stock photo
Paul Melia

Paul Melia

Two things stand out from this census data. While the numbers renting have dramatically risen, the vast bulk of householders either own their homes outright or with a mortgage or loan.

The Government will be ultra-cautious about imposing any additional burden on these 1.15 million households when the Local Property Tax bands are re-drawn next year, for fear of a backlash at the polls in the local and European elections, and the general election to come.

There are a number of reasons, but they centre on the extra financial burden households have been forced to endure over recent years. Older homeowners who have paid off their mortgages have had their pensions raided, as well as paying a raft of additional taxes and charges.

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