The chancellor’s plans to allocate a nearly half billion pound package to ease the burden of a business rates revaluation does ‘little to ease the pain’, London council says.
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.
Chancellor Philip Hammond has already dismissed announcing a ‘spending spree’ in his budget speech tomorrow, but what should local government watch out for?
London councils’ business rate tariffs are set to rise by £400m a year to £730m, to top up income elsewhere, according to the Institute for Fiscal Studies.
Sajid Javid has promised to work ‘closely’ with the chancellor in order to support the small businesses who will be hit the hardest by a rates increase.
Seven out of 10 business properties in Scotland will pay the same rates or less next year, with half paying nothing at all, says the Scottish finance secretary.
Business leaders believe the Government’s planned block on appeals against incorrect business rates valuations may be ‘illegal’ and have urged Whitehall to rethink its policy.
Nearly eight out of 10 councils lack confidence in the sustainability of local government finances, survey reveals.
Will 2017 bring the same radical changes to local government we saw last year? Andrew Jepp investigates.
See our countdown of the 100 most popular stories on LocalGov during 2016, with council pensions, the impact of Brexit and election fiascos dominating the headlines.