gives cautious welcome to business rates devolution
has this week given a mixed welcome to the news that the government
is to allow local councils across England to keep the proceeds
from business rates raised in their area.
plans unveiled by Chancellor George Osborne, local councils will
be able to cut the rate and some will be able to raise it. They
currently keep up to 50% of the rates with the rest going to Westminster.
MP James Heappey, pictured, told Burnham-On-Sea.com: "The
Chancellor's announcement is hugely welcome. For too long, local
councils have fought to grow the local economy only for Whitehall
to scoop the taxes."
money raised in Somerset will be spent in Somerset which means
a fairer deal for local public services."
also delighted that local authorities will have the license to
cut business rates in certain places or for certain sectors to
stimulate local growth. This is real power to those charged with
local economic development."
spokesperson for Burnham-On-Sea Chamber of Trade gave a cautious
welcome to the news, saying: "It's very welcome that councils
are being encouraged to be more pro-business and that more rates
funding will stay local, however the changes must not be a way
for councils to increase rates without the consent of our local
Burnham's Town Centre Manager, Bev Milner-Simonds, added: "The
announcement this week is a surprise as the review of the business
rate structure and formula is well over due and I would have expected
that to happen first. There are an awful lot of unknowns to be
cleared up and I hope that the rate setting body, whomever that
is, do not see the changes as an opportunity to further increase
rates for our local businesses."