6 d. ago Londoners face ‘maximum’ council tax hikes to limit huge funding blow from Labour reforms, warns IFS

Cash for inner London town halls will be 11-12% lower in 2028-29 in real terms under the reforms, according to the Institute for Fiscal Studies

Events

6 d. ago Inner London boroughs will be big losers in Labour's plan to shake

Cash for inner London town halls will be 11-12% lower in 2028-29 in real terms under the reforms, according to the Institute for Fiscal Studies

Politics

6 d. ago Millions of households will be hit with council tax hikes to pay for Angela Rayner's Government funding reforms

Households in wealthy areas could be hit with huge council tax rises under Angela Rayner's plans to divert more funding to deprived regions, experts warned last night.

Economics

8 d. ago Stirling hotel manager voices support for tourist tax if funds are used wisely

Stirling Council is currently seeking feedback on the draft Visitor Levy scheme for the area, after it launched a public consultation on the issue last month.

Society

9 d. ago ‘Don’t erase the soul of Bingin’: Bali locals dismayed as 48 businesses destroyed in local crackdown

Demolition of 48 cliffside establishments at Bingin beach marks flashpoint in the struggle between mass tourism and desire to retain Indonesian island’s ‘magic’“I can’t believe this is happening,” said Komang Agus, looking on in despair at his workplace of 16 years in the Bali tourist hotspot of Bingin, lying in fresh ruins.“I have a wife, three sons, my father is sick and in the hospital, how am I going to support them?” the manager of Morabito Art Cliff Villa said, his voice cracking and tears welling in his eyes. “We understand the laws and the need for regulation, but why only here?” Continue reading...

Politics

3 w. ago Tax on AI and crypto could fund climate action, says former Paris accords envoy

Laurence Tubiana urges governments to consider levies on energy-hungry technologyGovernments should consider taxing artificial intelligence and cryptocurrencies to generate funds to deal with the climate crisis, one of the architects of the Paris agreement has said.Laurence Tubiana, the chief executive of the European Climate Foundation and a former French diplomat, is co-lead of the Global Solidarity Levies Task Force, an international initiative to find new sources of funds for climate action by taxing highly polluting activities including aviation and fossil fuel extraction. Continue reading...

Economics