Daniel Zeichner
Main Page: Daniel Zeichner (Labour - Cambridge)We want councils to take bold decisions and to use the benefits of this measure to boost local growth. Some redistribution will be necessary among authorities to ensure that no council loses out if it collects lower business rates, but I can reassure my hon. Friend—who already does a lot to boost business in her local area—that where that is done, it will keep the extra revenue.
For business rates to keep flowing, we need our top companies to keep prospering. The Secretary of State might be aware that ARM Technology, a major Cambridge company, has today been acquired by a major Japanese company. What conversations has he had with the former Business Secretary on ensuring that guarantees are maintained and that the jobs involved are retained in the UK?