Simrin Rahman looks at what needs to happen alongside the Business Rates Retention Scheme reset to take advantage of the opportunity to deliver public value.
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.
