Local Government Finance — Statement

Part of the debate – in the House of Lords at 3:14 pm on 17th December 2015.

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Photo of Baroness Williams of Trafford Baroness Williams of Trafford The Parliamentary Under-Secretary of State for Communities and Local Government 3:14 pm, 17th December 2015

My Lords, the move towards business rate retention of 100% is in itself a freedom for local authorities not having to rely on the Secretary of State to tell them what they are going to get or not get. If I was a local authority leader, I would thoroughly welcome that, particularly where local authorities are innovative. As to whether the 2% cap will be in place when we are at the point of 100% business rate retention, as far as I know as I stand here now it will be, but I cannot speak for five years hence. In terms of local government obligations, when new burdens are brought in there is generally an assessment of those and that is taken into account.