Quote:
Originally Posted by slowcoach
Oldham has done well under Labour in the last half of their term, some would argue that a lot of the money received has been spent on folly's but even so it did provide much needed jobs.
|
Yes, Labour have been redistributing money from primarily London and the South East to the North through redistributive taxation.
http://www.telegraph.co.uk/finance/f...x-changes.html
So with the upcoming cuts thanks to Labour's overspending it'll be interesting to see whether Oldham et al continue to get this money and how much taxes will have to continue to rise to fund it or if it stops and what happens then. In this part of the country our council tax has increased considerably over the past years due to central government funding being taken away, apparently to fund projects in Oldham and other places.
Be interesting to see what happens.