Non-domestic Rates
(asked on 13th November 2017) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government what estimate they have made of the effect on local government funding of using the Consumer Prices Index rather than the Retail Prices Index for assessing the increase in non-domestic rates in April 2018.
This question was answered on 27th November 2017
Autumn Budget 2017 announced that the planned switch in the indexation of business rates from RPI to CPI will be brought forward by two years to April 2018. Central government will fully compensate local authorities for income lost as a result of this measure.