Helen Goodman
Main Page: Helen Goodman (Labour - Bishop Auckland)Local authorities in London have estimated that the business rate retention pilot announced in the Budget will benefit them by £240 million. There will be no impact from the pilot on other local authority areas.
Will the Minister explain how it can possibly be the case that business rates in London raise £7.5 billion and retention only gives £240 million? Surely this is swiping money from the rest of the country, which needs it in order to even up resources.
The £240 million is new money from business rates growth. Let me share with the hon. Lady the startling fact that 100% of the local authorities that will get the business rate localisation pilot applied for it. When she goes back up to her constituency, she might like to ask her own Labour-controlled council why it could not be bothered to do so.