Devolution of business rates: A welcome announcement


Philip Salter Director of The Entrepreneurs Network, comments on the devolution of business rates announced in today’s Autumn Statement:

“The Chancellor’s decision to give local councils full control of business rates is a welcome surprise announcement. Devolving rates will stimulate competition between councils and encourage local government to be more responsive to business needs. However, business leaders will need to be better buy brand ativan online engaged with local government to ensure councils are fiscally responsible. For example, city-wide mayors will be given the power to levy a business rates premium for local infrastructure projects, and as such businesses will need to make sure their views are properly voiced through their Local Enterprise Partnership.”

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