London's economy is set to provide more than one-quarter of all England's business rate income this year, according to latest DCLG figures published last week.

Income from business rate in England is also expected to be 5.6% higher this year. The statistics, based on returns from all 326 billing authorities, show that the expected income before relief is forecast to be almost £1.3bn in 2011/2012. London accounts for 28% of the contribution to the national business rates pool, or £5.667bn while having only 15% of the population. Second is the South East with 15.3% of total contribution or £3.1bn, roughly in line with its share of the population at 16.3%, followed by the North West with figures of 11.5%, £2.3bn and 13.3% respectively.