Wednesday, 19 September 2012
Bankers directly benefit from increases to the poorest families council tax
Whilst technically when a house is repossessed the bill stays in the name of the mortgagee in reality banks take control.
As long as a 'mortgagee is in possession' an exemption from council tax is awarded. In 2011 over 36,000 homes were repossessed in the UK potentially meaning millions of council tax went unbilled and unpaid by local authorities to the direct benefit of bankers.
It seems totally inequitable that whilst hard pressed families already living on the bread line are faced with massive tax increases an arguably immoral exemption continues to be given for the benefit of bankers whose own business ethics have rightly been questioned in recent years.
But what more do you expect of a government who gives £40,000 tax breaks to millionaires?