�Quick Guide:�Tax and spending
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Economy

Budget gap

Tax rises

Spending cuts

Cutting waste

Council tax

Council tax
Pensioner protests have stirred the parties to action

The Liberal Democrats want to replace council tax with a local income tax.

That would help most pensioners but raise taxes for many two-income couples, and rates would vary among councils.

Labour and the Conservatives both plan council tax relief for pensioners.

Labour would make a one-off payment of �200 this year, while the Tories plan to halve council tax every year for all pensioners, up to a �500 maximum.

Next year property revaluation could raise rates for many households in England.

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