The business rates system is “broken” and needs to be reformed for the benefit of councils and businesses alike, according to a report from the treasury committee released today.
The housing, communities and local government select committee has confirmed it will scrutinise council finance - after PF reported its plans last month.
Brexit is likely to hamper much-needed local government reform over the next 10 years, CIPFA chief executive Rob Whiteman has told a conference this morning.
Local government secretary Sajid Javid has ordered an independent review after mistakes were made by his department when calculating business rates retention levels.
A likely delay in 100% business rate retention has left councils facing a financial cliff edge in 2019-20, the Local Government Association has warned.
