Labour to free up funds to reduce council tax inflation

The chancellor Gordon Brown has pledged in his pre-Budget report to free up money from central government departments to help keep council tax inflation down.

With council tax inflation running at 5.9%, he pledged 1bn in funds to help local councils battle inflationary pressures.

However, there was no mention of any plans to reform Stamp Duty, which Mortgage Strategy had been campaigning for the government to address.