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Evening Standard
Evening Standard
World
Rachael Burford

Grim council tax warning as London boroughs need to ‘plug £700m blackhole’ in finances

Jeremy Hunt

(Picture: Getty Images)

London local authorities have warned a 5% hike in council tax will “barely touch the sides” of the capital’s funding shortfall.

Boroughs have a £700million financial blackhole to plug as the cost of living continues to sky-rocket, according to analysis by London Councils.

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