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Government unveils plans for councils to retain business rate

The Government has launched its plans for councils to keep the business rates raised in their areas today.

The government has launched its plans for councils to keep the business rates raised in their areas today.

Under the plans, councils will also be able to borrow against future business rates income. Legislation on the proposals is planned for the autumn, and could see business rates re-localised as soon as the 2013-14 financial year.

Heather Jameson

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