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London’s growth in business rates will be used to fund eight projects to improve the capital’s digital infrastructure.
Nigel Wilcock, executive director of the Institute of Economic Development, explores the link between the declining high street and local services.
The mayor of London has unveiled the first projects to benefit from a £112m investment fund which has been generated from the growth of business rate receipts.
A union has called on London boroughs to follow Brent Council by developing a business rate scheme which incentivises employers to pay a living wage.
Councils are sending bailiffs to more than 200 businesses every day due to unpaid rates, a new investigation has revealed.
Councils are being asked to apply for powers to retain 75% of the growth in income raised through business rates.
Nearly 190,000 companies were taken to court last year by councils over non-payment of business rates, a new investigation has revealed.
Business rates should be scrapped and local authorities should be handed a swathe of new powers to revitalise struggling town centres, a major new review has urged.
Council leaders have called on Whitehall to protect them against the risk of business rates appeals as figures reveal over 100,000 cases remain unresolved.
The further retention of business rates should be an extra source of funding for local authorities squeezed by Whitehall cuts and not a replacement for existing grants, MPs say.