Council taxes may go up soon.
Apparently Ken Livingstone will soon come under pressure regarding the £900m shortfall in funding the Olympics.
The original deal, as set out in the Memorandum of Understanding, is that any shortfall would be met either by the Lottery or council tax. However, the Big Lottery Fund has expressed its unwillingness to pay any extra.
Ken Livingstone has repeatedly vowed that he would not increase council taxes beyond 38p per week to pay for the games. The thing is, can we trust him to keep his word? Remember his promise to save the Routemaster? Remember his ancient promise to freeze tube fares in real terms for four years? Remember his promise not to raise the congestion charge for ten years?
Judging by his past record, don't expect Ken to keep this latest promise. Expect your council tax bill to go up. If it does not, I will be very surprised.