The Sunday Telegraph reported that UK Chancellor Rachel Reeves is considering doubling the council tax on the top two residential brackets to alleviate the worsening UK fiscal situation.
It is alleged that this could result in bills as high as £10,000 per year.
Data from 2024 shows that the UK faces a £22 billion fiscal spending gap, mainly caused by undisclosed expenditure plans left behind by the Conservative government. Local authorities also face a £4.3 billion emergency financial shortfall, which if not addressed in time, could lead to a large-scale collapse of public services.
In September 2025, the yield on 30-year UK government bonds reached its highest level since 1998, and the pound recorded its largest single-day drop since June 17, with investors concerned about the long-term sustainability of the UK's public finances.
Original article: www.toutiao.com/article/1847628572137484/
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