Local Government Finance
The question
To ask the Chancellor of the Exchequer, which taxes (a) local authorities and (b) combined authority mayors will retain local revenues for.
Answered by James Murray
The Government is developing a roadmap for fiscal devolution, which will set out plans to give mayors of strategic authorities control of a share of some national taxes that for too long have been allocated by central government.
The Government will be working closely with mayors and businesses to develop the details of the roadmap, which will be published at this year’s Budget.
Local authorities already retain revenues from council tax, and a locally retained share of business rates under the Business Rates Retention System, subject to reliefs and exemptions.
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