"Urgent clarity is needed on how the Government’s fundamental review of business rates will impact on reforms to allow local government to keep more of business rates income collected locally from next year."
"The report highlights that the recent rise in Public Works Loan Board interest rates announced by the Treasury will affect local authority decisions to invest in commercial property. This rise has increased the revenue costs of all new borrowing for councils and thrown into doubt the viability of new capital programmes which help deliver on key government priorities, such as housing and regeneration."
Responding to the final Local Government Finance Settlement announced today, Cllr James Jamieson, Chairman of the Local Government Association, said:
“We are pleased the Government has acted on our call for desperately-needed new money for councils to meet the rising cost pressures they face this year and published this final settlement quickly so councils can effectively plan how to provide local services.
“Extra funding for social care this year, council-tax raising powers and the continuation of key grants confirmed today are good news and will ensure councils can help older and