Local Government Finance

Part of the debate – in the House of Commons at 3:27 pm on 22nd February 2017.

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Photo of Mark Hendrick Mark Hendrick Labour/Co-operative, Preston 3:27 pm, 22nd February 2017

Lancashire has the third lowest tax base of any of the shire local authorities. Preston welcomes the reduction in business rates, but, effectively, what it means is that the 100% tax take will be lower as a result of the reduction in business rates. We do not mind that, but the loss of central Government funding through the rate support grant will be a huge blow to both Lancashire and Preston.