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Business Rate Supplements Bill
10:00 am
Brian Binley (Northampton South, Conservative)
Thank you, Mrs Dean.
The calculation of the cost of a given project sets the rate thereafter, irrespective of how long the project lasts. The whole thing will be framed, in terms of collection, and laid out in the initial prospectus. I understand that. However, I am concerned that Government projections are sometimes not as accurate as we would like them to be. I have heard that concern echoed even more loudly at local government level over the 12 years that I have been a county councillor. Will the Minister help us by explaining how we will have some control, other than by the measures set out in the schedules, over the efficacy of the accounting processes for the initial prospectus; and if the prospectus is totally wrong, how that money might be returned to the taxpayer, bearing in mind that some of the projects will carry on for some time?