Provisional Local Government Finance Settlement

Baroness Neville-Rolfe Excerpts

Thursday 13th December 2018 Lords Chamber

[Lord Bourne of Aberystwyth]

My Lords, I thank the noble Lord for that valuable point. I asked questions about that when I saw the draft Statement. First, I should reassure noble Lords that I do not think that there is any cause for concern at this stage. As I understand it, there are proposals on behalf of some local authorities and one can understand that, where this involves borrowing, it might cause concern because it would be unfair to place this on local authorities and council tax payers if it were to turn south. As the noble Lord—quite understandably—requested more clarification, I will write to him and place a copy in the Library.

[Baroness Neville-Rolfe (Con)]

My Lords, I declare my shareholdings as in the register. As it happens, they are in both retail and digital. I also welcome the overall settlement and the real-terms cash increase of 2.8% announced by my noble friend, particularly at a time of growing demands and a growing population. But, to be blunt, I am not happy with the Budget settlement on business rates and on high streets—and I suspect that my noble friend might share some of my concerns. Large companies such as Debenhams at the heart of my local town of Salisbury need help with their physical outlets, given the ever-growing vibrancy of digital sales and the digital economy.

Better transport is also important to our towns and cities, and indeed to productivity. Could my noble friend give me some examples of towns where the £420 million that the noble Baroness, Lady Pinnock, mentioned will make a difference—and not just to potholes?