Speeches

Lord Porter of Spalding – 2016 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by Lord Porter of Spalding on 2016-09-13.

To ask Her Majesty’s Government whether, in the light of their proposal to allow local government to retain 100 per cent of the business rates raised locally, they have plans to allow local government to determine the business rates multiplier.

Lord Bourne of Aberystwyth

The Government has previously announced that combined authority mayors will in future be allowed to levy a 2p in the pound supplement on business rates bills to fund infrastructure projects; and that all authorities will be able to reduce the business rates tax rate, thereby allowing them to tailor their local tax regime to local economic circumstances. We are currently consulting on the detail of both proposals.