Business Rates: Devolution

Debate between Lord Bourne of Aberystwyth and Baroness Tonge

Wednesday 21st December 2016 Lords Chamber

[Lord Bourne of Aberystwyth]

My Lords, the noble Earl is right to refer to redistribution, which is fundamental to the system because we are able to identify it very easily. Quite separate from that but something that he will know we are looking at is the issue of fair funding. We are consulting local government on that with a view to ensuring that new formulas are in place by the end of the Parliament to take account of the very issues of social mobility to which the noble Earl referred and to which the Prime Minister is of course very committed.

[Baroness Tonge (Non-Afl)]

My Lords, on a related matter, when will the Government consider revising council tax bands, which no longer reflect the value of property, particularly in the south-east?