Business Rate Reform

Meeting: 
MQT on 2014-09-17
Session date: 
September 17, 2014
Reference: 
2014/3111
Question By: 
Stephen Knight
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

Your answer to my MQ 2014/2652 on how you would reform business rates following devolution was simply a link to the 'London Finance Commission - One Year On' report. The report does not answer my question. Will you now answer my question?

Answer

Answer for Business Rate Reform

Answer for Business Rate Reform

Answered By: 
The Mayor

Any reforms to business rates in London following devolution would of course have to be agreed by the GLA, London Boroughs and the Corporation of London, through London Councils.

My priority would be to focus initially on reducing the burden on small and medium sized companies through reforming small business rate relief so that it takes into account the higher rateable values in London compared to the rest of the country.

Mini Hollands (1)