Sam Clayden 08 March 2017

Budget 2017: Hammond announces £435m business rate package

Local authorities will be able to access a £300m fund in order to ease business rate revaluation challenges in their local areas, chancellor Philip Hammond has announced.

The pot is part of a £435m allocation designed to tackle the stark variation in changes to business rates across the country after it was revealed rates in London would rise by 11% above inflation, while in the North they would fall by 10%.

It remains unclear how the fund will be allocated across the country. Mr Hammond said communities secretary Sajid Javid would reveal the formula ‘in due course’.

Other measures include a new cap preventing rates for businesses leaving small business rate relief increasing by more than £50 in the next year.

Pubs with a rateable value less than £100,000 will also be granted a £1,000 discount – a measure that will aid 90% of pubs across the country.

Responding to the announcements, IPPR North director Ed Cox claimed the need for business rates intervention was ‘due to our dysfunctional approach to funding local government’.

SIGN UP
For your free daily news bulletin
Highways jobs

Graduate Trainee Electric Vehicle Infrastructure

North Yorkshire Council
£25,183 - £30,559
Could you help us deliver Electric Vehicle infrastructure to support this new transformation mode of transport. Greenwich, London (Greater)
Recuriter: North Yorkshire Council

Contracts and Strategy Officer

Royal Borough of Greenwich
£41,442 - £44,331
Royal Greenwich is on the up! Having achieved a 3.8% increase in our recycling rate this year Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Senior Developer

Royal Borough of Greenwich
£52,584 - £69,068
Royal Greenwich is a vibrant borough, with a rich history and diverse community. Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

SEND Operations Assistant - 2 year FTC

Essex County Council
£25081 - £26679 per annum + + 26 Days Leave & Local Gov Pension
SEND Operations AssistantFixed Term, Full Time£25,081 to £26,679 Per AnnumLocation
Recuriter: Essex County Council

Welfare Benefits & Money Advice Caseworker

Sandwell Metropolitan Borough Council
Band E SCP 18-25 (£30,559 - £35,235 per annum
We have an exciting opportunity for a skilled individual to join our Welfare Rights Team Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council
Linkedin Banner