Non-domestic Rates

(asked on 12th June 2015) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Communities and Local Government, what assessment he has made of the potential merits of devolving business rate retention powers to local authorities.


Answered by
Marcus Jones Portrait
Marcus Jones
Treasurer of HM Household (Deputy Chief Whip, House of Commons)
This question was answered on 22nd June 2015

The introduction of business rates retention gives all local authorities a strong incentive to pursue local growth policies, by allowing them to keep a share of the additional business rate income generated by that growth. 94% of authorities expect to see additional business rates income in 2015-16 worth an extra £544 million.

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