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Net zero
Beyond business rates
By
Louise McGough
,
Hugo Bessis
| 15 December 2015
Beyond business rates
By
Louise McGough
,
Hugo Bessis
| 15 December 2015
Select Chapter
Executive Summary
Introduction
Figure Figure 1: Local government funding settlement, 2010-2015
Evidence for fiscal devolution
Figure Box 1: International Comparisons
Where are we now: business rates devolution
Figure How is the system changing?
Figure Figure 3: Change in the business rates funded element of the local government funding settlement
Figure Figure 4: Local government funding from business rates and business rates tax generated
Figure What will this look like across local authorities?
Figure Figure 5: Net contributors and recievers in the ‘formula grant’ system
Figure Improving the current business rates system
Figure Reforming council tax
Creating a more effective local funding system
Figure 1. Diversifying
Figure Figure 6: Local revenues as a share of local spend, 2014-15
Figure Box 2: Land and property taxes
Figure Figure 7: Land and property tax revenue as a share of local spend
Figure Figure 8: Land and property tax revenue as a share of local spend by city-region, 2014-15
Figure Figure 9: New build incentives in Oxfordshire
Figure 2. Encouraging pooling
Figure Figure 10: Land and property taxes raised in Greater Manchester, 2014-15
Figure Figure 11: Share of land and property tax revenue by local authority in Greater Manchester, 2014-15 (%)
Figure 3. New responsibilities: improving incentives not just control
Figure Figure 12: Incentives and rewards: Local housing benefit bill driven by high housing costs and lack of supply
Devolution is good for the national exchequer too
Figure Figure 11: Relationship between income tax and land and property taxes generated by city region, 2014-15
Conclusions and recommendations
Appendix: Political Geographies
Figure Table 1: Makeup of political geographies used in the report
00
2: Primary source of local government funding in England
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