Magazine article Public Finance

Councils Could Be Given Bigger Revenue Share

Magazine article Public Finance

Councils Could Be Given Bigger Revenue Share

Article excerpt

Shadow local government secretary Eric Pickles has hinted that the Tories will allow councils to keep some of the revenue they generate by attracting new business to their areas.

A Conservative green paper on localism is to be published next month and senior party figures have promised that it will seek to reinvigorate local government in Britain.

Pickles told a fringe meeting on September 30 that it was not possible to address economic development issues without also looking at local government funding.

'[Britain] is about the only western country where local authorities have no interest in their tax base, and we would clearly wish to do something with regard to incentivising people to keep the product of any additional housing or additional business they got in,' he said.

This view was backed up by Dermot Finch, director of the Centre for Cities think-tank. …

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