100% Retention Must Ensure Fairness
Posted on July 25, 2016
A report published by independent thinktank the IPPR has highlighted the potential regional inequalities that could result from 100% retention of business rates, based on the government’s statements to date.
The study, ‘Better rates: How to ensure the new business rates regime promotes growth everywhere’, finds that, under the model currently proposed “richer councils would have much stronger incentive to grow their economies than poorer councils.” It concludes that “over time, this would also lead to greater concentrations of public investment and resources in richer areas of the country.”
Read the full report… HERE