Labour’s two-year tax freeze is intended to help residents who are struggling to cope with the effects of the global recession. With rising fuel prices and many facing job losses, Labour wants to help families and individuals keep more of their money. The freeze will be delivered without cuts in frontline services. This is possible only because of the careful way Labour has managed the council’s finances over the past two years, restoring them to stability after the Tories and Lib Dems left the council with no money in the bank and millions of pounds in debt.
Steve Reed is Leader of Lambeth Council. He commented: “one thing the council does that affects just about every household in Lambeth is set the council tax. With Labour, our council tax is already one of the lowest in the country. But this is a council that’s determined to be on the side of ordinary people, so we will be freezing council tax for the next two years with no increase in people’s bills. We know that’s the best way we can help people manage through the economic downturn. And it’s a clear difference from the record-breaking 40% hikes we got from the Lib Dems.”