FT Edit
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Eight brilliant stories from the Financial Times, updated daily. 🔎 Explore more at www.ft.com/ftedit 📧 Sign up for our newsletter: https://on.ft.com/44K0XEi
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Welcome to FT Edit! When the news is overwhelming, we bring you eight stories a day, chosen by editors, offering clarity, fresh perspectives, insight and inspiration — plus some extra treats! Explore more at www.ft.com/ftedit or, if you're reading on iOS, find us on the FT app: on.ft.com/44SHfGA
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The global trend for matcha in all forms — lattes, ice creams, even KitKats — is driving suppliers to the brink as what was once a niche tea goes mainstream. Are you a fan? Let us know in today's #FTEdit poll: on.ft.com/3L4satN

Read the story 👉 Japan buckles under matcha mania on.ft.com/4q4QonO
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Are you paying too much council tax? Explore our interactive tools in today’s article, which you can read for free when you register for FT Edit 👉 on.ft.com/3VZWVCy
How unfair is your council tax?
FT analysis highlights arbitrary nature of system, allowing readers to discover how their bill compares in their area
on.ft.com
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Moving your house into a different band is no easy task. You can appeal, but 65 per cent of attempts were unsuccessful in 2023-24. Past administrations have wondered about reform — and then opted not to. It’s going to take bold thinking and an even braver government to fix this tax that time forgot.
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This often seems to benefit more affluent areas. Take Burnley. Most homes cost £125,000 and are in the lowest band A. They pay roughly £1,337 a year in council tax.

Compare that to Westminster, where the average house price is just shy of £1mn. They pay an average £1,057.
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This weirdness is because council tax bills are based on property values from 1991 — regardless of how much house prices have changed since. For context, in 1991 John Major was PM, the Cold War had just ended, and 2G was launched but nobody cared because cell phones were bigger than home phones.
credit: Landmark Media
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A new FT analysis has revealed that the majority of all houses in England are in the wrong council tax band, with many homeowners paying too much or too little. You may well be one of them! Modest homes are often paying more than mansions.