Steve Reed – 2016 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by Steve Reed on 2016-03-18.

To ask the Secretary of State for Communities and Local Government, with reference to paragraph 1.160 of Budget 2016, what his policy is on providing compensation to local authorities for potential loss of income related to the planned reductions in business rates.

Mr Marcus Jones

These tax cuts provide significant support to local businesses. The Small Business Rate Relief measure announced at the Budget will mean 600,000 of the smallest businesses will not have to pay business rates.

Local authorities will be compensated in full for their loss of income as a result of these changes.