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

To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment he has made of the potential impact of the revaluation of business rates on local authority finances in Birmingham.

Further to the information already published here, the Government will make an adjustment to the business rates retention system to strip-out as far as practicable impacts on local authority income. Individual figures will be published at the provisional Local Government Finance Settlement, however the Government’s proposed methodology for the revaluation adjustment for the 2023-24 financial year was set out in this consultation.