During the 1980s and 90s Wandsworth became famous for setting low rates of tax under its Conservative administration. In fact, for a time, it was in competition with Westminster each year for setting the lowest rate in the country. Although pressures on local government finance have seen tax increase since, Wandsworth still issued the lowest average bills in the country when the Conservatives lost control in 2022. Council tax increases have been capped for the last decade, so this is likely to continue for some time