Comment by sefrost
7 hours ago
Wow a fantastic independent pub near where I used to live in London is seeing its rateable value go up 480%! This website really puts the headlines in to a nice local perspective.
It seems like the taxes only go up while the services get worse in the UK, although I’ve been away for 5 years now so maybe things improved.
> seeing its rateable value go up 480%!
Rateable value is based on what the market prices would be to rent that space. So, somebody is doing nicely apparently.
But if the landlord owns the pub (rare in the UK I know), but I believe it’s the case in this instance, then what are they getting from unrealised property price gains?
What does anyone gain from it really, except money in the bank for a handful of individuals, outsized property prices seem to be a hurdle for functional societies in basically every way.
It doesn't benefit a town if rent is so expensive that their businesses shut down.
Here’s the Lamb and Flag in Oxford
https://www.ismypubfucked.com/pub/11447801200
> the Inklings, a literary group including J. R. R. Tolkien and C. S. Lewis, started meeting at The Lamb and Flag.
https://en.wikipedia.org/wiki/Lamb_%26_Flag,_Oxford
Amateurs. One close to me is at an +821% increase in its tax bill and rateable value at 613%.
The services have certainly not got better in the last 5 years. This Government is fiscally illiterate and has hit the top of the Laffer curve and is now trying to go down the other side.
"This" ...?
You jest.
Meet the new government, same as the old government.
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Unfortunately, if an election were to be held today, the morons at Reform would have the greatest chance of winning, thanks to Starmer's ostrich syndrome, Corbyn dividing the Labour vote and the Tories being absolutely irrelevant after 15 years of continuous rule.
Don’t. Just don’t.
There’s time for some party to sort themselves out before the next election is due (Aug 2029).