Government's Business Rates Proposals
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06 Jul 2011
The Deputy Prime Minister announced last week that councils could soon be able to keep hold of the business rates they collect, instead of handing them over to the Government which then gives back an allocation to local authorities.
If Rotherham Council were to lose out on the money it currently gets from the national business rates pool, it could result in a cut in funding of over £40 million a year.
Meanwhile, Westminster – home to the some of the world’s biggest businesses, shopping streets and tourist attractions – would get to keep the £1 billion it currently contributes to the national business rates pool, which is redistributed to other councils around the country.
We have already seen deep cuts to our Council’s funding from the Government. Unless they spell out clearly how they will ensure we do not lose out, we could be in line for yet another devastating blow to local services.