Council tax bills may need to increase by 5 per cent a year to cover the cost of reforming social care - among other services.
The Institute for Fiscal Studies (IFS) said that under current government spending plans, the household bill will need to increase by at least 3.6 per cent a year.
This increase alone would just allow town halls to keep services running at pre-Covid levels. READ MORE:Gas and electric bills 'could go up by 30 per cent next year' Researchers said this is a minimum requirement and more may be needed to meet extra cost pressures, potentially rising bills by five per cent every year until 2024/25.
The social care plans announced by the government last month is currently underfunded and would cost £5bn a year in the long
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