Nusrat Ghani
Main Page: Nusrat Ghani (Conservative - Wealden)
Mims Davies (Eastleigh) (Con)
1. What estimate he has made of the amount of revenue that councils will be able to collect through devolved business rates.
Nusrat Ghani (Wealden) (Con)
4. What estimate he has made of the amount of revenue that councils will be able to collect through devolved business rates.
The Secretary of State for Communities and Local Government (Greg Clark)
Councils currently retain just under £12 billion of the business rates that they collect. As a result of our reforms, we estimate that, by the end of this Parliament, councils will retain the full £26 billion raised from business rates.
Nusrat Ghani
The Sussex chamber of commerce has declared its delight at the Chancellor’s announcement that small business rate relief will be doubled, but will the Secretary of State confirm that the Budget measures will ensure that rural areas such as Wealden and East Sussex, which are net receivers of business rates, are not worse off as a result of the change?
Greg Clark
My hon. Friend can have that reassurance. The package for small businesses in the Budget has been warmly received by small businesses right across the country. It amounts to a reduction of nearly £7 billion over four years, and every penny of that will be made up to local councils, so small businesses will benefit and councils will suffer no detriment.