Schedule 1 — Local retention of non-domestic rates

Part of Local Government Finance Bill – in the House of Commons at 3:45 pm on 18th January 2012.

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Photo of John Healey John Healey Labour, Wentworth and Dearne 3:45 pm, 18th January 2012

The very point that I am making is that the current system, complex as it is, takes account of resources—an area’s capacity to raise revenue, especially through council tax—as well as the needs of the population in that area for the essential services that local authorities provide. The formula covers both and is based on the principle that I outlined.