FINANCE

CIPFA: Rate retention launch risks financial volatility

Councils’ finances could be thrown up in the air at the launch of the 100% business rate retention scheme in 2020, experts warned this week.

By Sam Clayden | 05 October 2016

Councils' finances could be thrown up in the air at the launch of the 100% business rate retention scheme in 2020, experts warned this week.

The Chartered Institute for Public Finance and Accountancy (CIPFA) warned that a ‘potential major redistribution of resources' on day one of the scheme, implied by the review of needs, meant councils were left confronting uncertainty.

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Popular articles by Sam Clayden

  1. Reach out and Tweet
  2. Riordan calls for social media abuse clampdown
  3. Call for business rates to be scrapped
  4. Breathing life into the high streets
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