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

Handy Person

Sandwell Metropolitan Borough Council
Band C SCP 5-8 (£24,790 - £25,992) Pro Rata
Do you have a passion for working with people in an Adult Social Care or Health setting? Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

Production Co-ordinator - Woolwich Works

Royal Borough of Greenwich
£18,000
Woolwich Works is a multi-million-pound cultural hub in the old military buildings of the Royal Arsenal that opened in September 2021. Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Criminal Justice Senior Practitioner

Royal Borough of Greenwich
£33,575 - £34,052 per annum, including London Weighting where appropriate
Are you passionate about supporting people in the criminal justice system and driving positive change in community treatment pathways? Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Street Lighting Project Engineer

Royal Borough of Greenwich
PO2 - £41,442 to £44,331
Help us keep our streets safe, efficient and ready for the future Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Administrator

Wakefield Council
£25,583.00 to £25,989.00, Grade 4
An exciting opportunity has arisen for a G4 Administrator to join the Safeguarding and Reviewing Unit Administration Team Wakefield, West Yorkshire
Recuriter: Wakefield Council
Linkedin Banner