Steve Reed
Main Page: Steve Reed (Labour (Co-op) - Streatham and Croydon North)Oral Answers to Questions
Steve Reed Excerpts
Mr Steve Reed (Croydon North) (Lab)
Will the Minister give a commitment that no enterprise zone or council will lose funding as a result of the localisation of business rates?
James Wharton
I am surprised at the hon. Gentleman’s question. He knows as well as I do that local government has been asking for many years for the localisation of business rates, which will give real incentives to drive local growth. He also understands that enterprise zones already sit differently within the business rates regime from local authorities, which we will have to take into account as we develop the system.