Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Tom Pursglove Excerpts
Tuesday 1st December 2015

(8 years, 11 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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That is certainly the plan.

Tom Pursglove Portrait Tom Pursglove (Corby) (Con)
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The Rushden Lakes development at Skew Bridge and Primark’s new warehouse at Islip are bringing thousands of new jobs to east Northamptonshire. Is not the added bonus that under the new business rates regime the local authority will be able to keep the windfall that will arise?

George Osborne Portrait Mr Osborne
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My hon. Friend has been a powerful advocate of the Skew Bridge project, and we have discussed it on several occasions. Of course, the devolution of business rates will help that project not only succeed, but make a big contribution to the local economy.