Delays Damage The Local Economy
The argument is straightforward. Every day, week, month or year of delay with any tax-raising project increases officer costs and reduces tax yield. Delays damage the local economy and reduce the quality of precious public services.
We Miss Out On A Tax Yield Of Approximately £1 Million Annually
In the case of the proposed King Alfred, with approximately 600 flats and a number of business units, we are missing out on a tax yield in the region of £1 million annually. This is over twice the amount that the Conservative Group has bargained from Labour for youth services – a quite staggering sum that would make a huge difference to the budget – every year.