After the dust settles from last night's council meeting on the Barnet Budget lets have a look at who the 1% tax cut will benefit the most;
Values exclude GLA charges (2013/2014)
Band A - £742.13. Annual savings = £7.42
Band B - £865.82. Annual savings = £8.66
Band C - £989.51. Annual savings = £9.90
Band D - £1113.20. Annual savings = £11.13
Band E - £1360.58. Annual savings = £13.60
Band F - £1607.96. Annual savings = £16.08
Band G - £1855.33. Annual savings = £18.55
Band H - £2226.40. Annual savings = £22.26
So not only is this a pittance savings that will collectively short change Barnet of £1.4 million but it also helps the richest residents the most. A predictable policy from the Conservatives but from Labour?
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