Budget 2015: Devolved business rates move welcomed
Date added:
19/03/2015
GEORGE Osborne’s Budget announcement that Greater Manchester and Cheshire East Council will be allowed to retain 100% of growth in business rates it raises has been broadly welcomed. The Chancellor revealed the plan during this afternoon’s Budget speech in which he drove home the importance of the Northern Powerhouse. Under current arrangements 50% of business rates growth income goes to central government, but Osborne’s move diverts all income to the Greater Manchester."With the devolution of power, skills, ....
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