Council tax reform could raise £3billion for Reeves

HIKING the highest council tax rates, while slashing those in lower band properties, could raise £3billion for the public purse, according to a think tank known to be influential in influencing the Government.

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The Institute for Public Policy Research has suggested a 100% rise in council tax for those in the most expensive band H homes, likely to be worth more than £1.5m.

Rates on band F and G homes should also be raised by 50%, the IPPR said, while those in the cheapest council tax bands should have their tax bills slashed.