Daniel Zeichner – 2016 Parliamentary Question to the Department for Transport

The below Parliamentary question was asked by Daniel Zeichner on 2016-03-08.

To ask the Secretary of State for Transport, pursuant to the Answer of 3 March 2016 to Question 28284, how much the Business Rate Retention Scheme has raised for the Greater London Authority in each year since the scheme’s introduction.

Mr Robert Goodwill

The income available to the Greater London Authority through the Business Rates Retention Scheme was £863.2 million in 2013/2014 and £936.2 million in 2014/2015. The income is forecast to be £1.0396 billion in 2015/2016.