Chancellor’s business rates plans welcomed
Chancellor George Osborne told delegates at the Conservative Party conference all £26 billion of business rates collected would be retained locally by 2020, instead of being sent up to Whitehall.
Local authorities will be free to reduce rates if they can afford it.
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Hide AdWorthing town centre manager Sharon Clarke said: “The first reaction to this is positive as it could potentially give local councillors the opportunity to attract new businesses to the area by offering competitive business rates.