LONDON COUNCILS

Business rates pilot payout proves costly to the sector

Local authorities are missing out on millions of pounds because of an £870m cash boost to business rate pilot councils, according to a study today from the respected Institute for Fiscal Studies (IFS) think-tank.

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By Michael Burton | 12 April 2018

Local authorities are missing out on millions of pounds because of an £870m cash boost to business rate pilot councils, according to a study today from the respected Institute for Fiscal Studies (IFS) think-tank.

The IFS report found that the 147 councils that have been selected to experiment with a 100% business rate retention scheme (BRRS) will between them benefit by £873m in 2018/19.

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Michael Burton

Popular articles by Michael Burton

  1. Council grant funding increases by £2.4bn
  2. A forum first for the Midlands
  3. Unfinished business
  4. Back to the future?
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