The Institute for Public Policy Research (IPPR) has claimed that the government’s plans to devolve business rates to local authorities failed to provide poorer areas with an incentive to grow their economies.
The think-tank warned that councils could face further losses if the government abandoned the levy on disproportionate growth, which could cost up to £1 billion over the next five years.
IPPR proposed a model which involved increasing a council’s funding by multiplying its business rates growth by the required funding. It claimed the move would guarantee councils have ‘an equal incentive to increase their retained income, irrespective of whether they are rich or poor’.
The think-tank also argued that the scheme would be more likely to provide funds for a safety net with imposing an additional levy.
Alfie Stirling, research fellow and Spencer Thompson, economic analyst, who both authored the report, commented: “Retaining a higher proportion of tax revenues derived from a wide variety of different revenue streams builds in greater flexibility and resilience.”
The government has announced new emergency measures to tackle the current housebuilding crisis in London and unlock tens of thousands of homes.
The Chancellor has appointed growth and productivity expert Dr Anna Valero as an Industrial Strategy advisor.
The Chancellor has announced a £500 million investment package to deliver growth in the Oxford to Cambridge Corridor and cement its status as
New data from Ordnance Survey (OS) will be used to support safe walking across Great Britain.
The government has announced new financial penalties for water companies who commit environmental offences.
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Join us for the landmark 10th Anniversary of the London Build Expo, the UK’s largest and most influential construction and design show.
Retail Supply Chain & Logistics Expo returns to Excel London across 12-13 November, once again bringing together the world of logistics, supply chain, eCommerce and retail innovation for two dynamic days of opportunity.
Every sport, from grassroots football to world-class tournaments, depends on one constant: high-quality playing surfaces and well-maintained green spaces.
Bauder marked a major milestone in its UK expansion with the official handover of a brand
At Words of World, we specialise in professional translation and interpreting, d
The British Institute of Cleaning Science (BICSc) and the Cleaning & Support Services Association (CSSA) have successfully completed a groundbreaking project aimed at exploring the future of cleaning. This collaboration marks a significant milestone in the cleaning industry, reflecting a shared commitment to embracing innovation with confidence.
The Crown Commercial Service’s (CCS) new framework on Language Services (RM6302), dealing with translation, transcription and interpreting, is live, running from 7th May 2025 to 6th May 2028.
