LGA calls for local authorities to set business rates

According to an opinion  poll of UK business owners carried out by ComRes for the Local Government Association (LGA), 68% of respondents agreed that local authorities should set business rates in their area in discussion with local companies. Approximately half of business owners are  concerned about the impact on business of forthcoming cuts to council services.  The LGA has responded by calling  for devolution of responsibility from central government to local authorities to set business rates and reform the business rates system. The LGA has also suggested that 100% of business rates income should be held by local authorities, as currently half is kept by the Treasury to pay grants to local authorities. Increased local power over business rates would enable councils to expand rate reduction schemes, or fund investment in their local economy and services.
Read more about the poll at:
http://www.local.gov.uk/web/guest/media-releases/-/journal_content/56/10180/7050801/NEWS

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