City of London Corporation Considers Tax Rises and Service Cuts
UKPulse News Desk
The City of London Corporation is reportedly considering tax increases and service reductions to address a projected £70 million budget deficit.
- The City of London Corporation faces a £70 million budget hole.
- Potential measures include tax rises and service cuts.
- The Barbican Centre's future is uncertain amid planned Labour funding changes.
The City of London Corporation is weighing up potential tax increases and service cuts as it seeks to address a reported £70 million budget shortfall. The measures are being considered as the Square Mile prepares for a planned overhaul of funding by the Labour party.
Amid these financial considerations, the future of the Barbican Centre is described as uncertain.