Jim McMahon – 2016 Parliamentary Question to the Department for Communities and Local Government
The below Parliamentary question was asked by Jim McMahon on 2016-02-22.
To ask the Secretary of State for Communities and Local Government, if the Government will bring forward proposals to review the needs-based formula for local government.
Mr Marcus Jones
By the end of this Parliament, local authorities will fund local services from their local taxes, including £26 billion raised from business rates.
We have announced that we will conduct a review of what the needs assessment formula should be in a world in which all local government spending is funded by local resources not central grant, and use it to determine the transition to 100% business rates retention. We will develop this approach in partnership with local government.