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

The below Parliamentary question was asked by Jamie Reed on 2016-02-03.

To ask the Secretary of State for Communities and Local Government, what assessment he has made of the potential effect on Copeland Borough Council’s spending power of reforms to business rates announced in the Summer Budget 2015.

Mr Marcus Jones

The Government has announced reforms to the business rates retention scheme which mean that, by the end of this Parliament, local government will keep 100% of locally raised business rates and 100% of the growth generated by new development. Over the coming months we will be working with local government on the details of the scheme.

Ahead of final decisions, it is too early to assess what the impact of the reforms will be on individual areas’ spending power.