We Love Stoke Newington is for residents living in the local area providing updates about local meetings, campaigns and useful information. This site is maintained by your local Labour team for Stoke Newington.

Thursday, 13 January 2011

2011 - VAT rises, fare rises and cuts

It's been a tough start to the year for many Londoners. The Government's VAT rise from 17.5% to 20% came into force - a regressive tax which unfairly hits the poorest the most. See here for the impact that the VAT rise has. Boris Johnson's fare rises were also introduced this month across the capital.

Fares on public transport have risen by almost 7% which is particularly an issue in Hackney where a large number of residents use buses.
Meanwhile, the Western extension of the Congestion Charging zone has been scrapped at the cost of £55m per year. The fare rise raises £60m - Boris Johnson is protecting car drivers in West London at the expense of hard working Londoners who rely on public transport to get around the city.

More information about the fare rises and Ken Livingstone's petition against the increases

It will be a tough year ahead - Hackney Council faces a budget cut of 14.9% (£44m) for 2011-12 (the 8.9% figure quoted by Government is misleading and the real cut is more than this). We'll keep this blog updated with news about this as we receive it.

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