Pre-Budget Report
The Pre-Budget Report had the following impacts on Sutton:
1. Climate Change
a) The zero stamp duty for new green houses is likely to have little impact as Sutton's planned 325 new properties a year is rather low.
b) Increased fuel dutues is likely to impact on high car ownership/high school rum Sutton more than most London boroughs.
c) It is hard to tell whether the cost of short-haul flights will have more impact in Sutton, but demographically I would suspect it would.
2. Education
Increased spending is to be welcomed. Hopefully there will be less whinging about the Dedicated Schools Budget which ensures the money goes to schools. Education is the boroughs biggest services and deserves a clearly spelt out budget. The spending on rebuilding schools means that Carshalton Boys and Carshalton Girls are likely to be refurbished in the next 5 or so years.
3. Public Service Reform
The new budget for voluntary groups to bid to take over assets could be used to protect them from future asset stripping by the Council.
4. Local Government Finance
The further delay in the Lyons Report is no surprise as little is currently expected from it. A combination of capping, extra and/or regional Council Tax bands with and expansion of the BIDs system for regenerating specific areas with the support of business is still the most likely options.
5. Planning
I will cover this in a separate posting
6. Housing
The cut-price mortgage scheme is welcome and should be of benefit to Sutton residents. Whilst Sutton is remarkably in the bottom half of London boroughs for average house price, this is because most inner London boroughs are remarkably skewed between million pound houses and a cheaper end of the market. In Sutton the average is for a much narrower band of prices thus the bottom end of the market is relatively small for first time buyers. Thus the scheme may be of benefit.
1. Climate Change
a) The zero stamp duty for new green houses is likely to have little impact as Sutton's planned 325 new properties a year is rather low.
b) Increased fuel dutues is likely to impact on high car ownership/high school rum Sutton more than most London boroughs.
c) It is hard to tell whether the cost of short-haul flights will have more impact in Sutton, but demographically I would suspect it would.
2. Education
Increased spending is to be welcomed. Hopefully there will be less whinging about the Dedicated Schools Budget which ensures the money goes to schools. Education is the boroughs biggest services and deserves a clearly spelt out budget. The spending on rebuilding schools means that Carshalton Boys and Carshalton Girls are likely to be refurbished in the next 5 or so years.
3. Public Service Reform
The new budget for voluntary groups to bid to take over assets could be used to protect them from future asset stripping by the Council.
4. Local Government Finance
The further delay in the Lyons Report is no surprise as little is currently expected from it. A combination of capping, extra and/or regional Council Tax bands with and expansion of the BIDs system for regenerating specific areas with the support of business is still the most likely options.
5. Planning
I will cover this in a separate posting
6. Housing
The cut-price mortgage scheme is welcome and should be of benefit to Sutton residents. Whilst Sutton is remarkably in the bottom half of London boroughs for average house price, this is because most inner London boroughs are remarkably skewed between million pound houses and a cheaper end of the market. In Sutton the average is for a much narrower band of prices thus the bottom end of the market is relatively small for first time buyers. Thus the scheme may be of benefit.
posted by Charlie Mansell at 7:48 pm
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