Ways and Means — Budget Resolutions and Economic Situation — Amendment of the Law

Part of the debate – in the House of Commons at 9:34 pm on 20th March 2015.

Alert me about debates like this

Photo of Eric Pickles Eric Pickles Minister for Faith, The Secretary of State for Communities and Local Government 9:34 pm, 20th March 2015

It is very straightforward; it is the same scheme that has existed since the retention scheme was introduced. It is the growth in the business rates. If a council goes out of its way to bring in new investment, it is only right that it should not be penalised for doing so, as it would have been under Labour. It should reap the benefits. I know that Opposition Members have difficulty with the idea that people should be rewarded for creating wealth and working for the common good, but that is how it is going to be. The Government are helping to expand local economies, and we also want to expand powers for local areas. As I have said, we have already devolved significant powers to the Greater Manchester combined authority.