One of my colleagues, Piers McCausland, has written a little piece over on ConservativeHome about the lack of local control of business rates. Assuming many readers of this blog do not read ConservativeHome’s local government pages I have copied the article below.
In the nearly three years I’ve been responsible for the council’s economic development function business rates have been one of the most consistently raised concerns. Business rates are set centrally by the government, but they make the council collect the money on their behalf. If anything this makes businesses even more aware that they don’t benefit from being based in an efficient borough like Wandsworth: residents get a low council tax and excellent services, businesses pay central government taxes and do not benefit from many council services.