Retreat on business rate levy
Series: DETR Press Release ; (234) 24 April 2001 (3)Publication details: 2001Subject(s): Summary: Bowing to pressure from business organisations, government has scrapped plans to allow local authorities to levy a supplementary business rate in favour of US-style business improvement districts (BIDs). The BID scheme hopes to encourage businesses and local authorities to invest in regeneration. Further details will be published later this year in the Local Government Finance White Paper.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3716-22 (Browse shelf(Opens below)) | 1 | Available | 112145-1001 |
Bowing to pressure from business organisations, government has scrapped plans to allow local authorities to levy a supplementary business rate in favour of US-style business improvement districts (BIDs). The BID scheme hopes to encourage businesses and local authorities to invest in regeneration. Further details will be published later this year in the Local Government Finance White Paper.