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Jon Trickett
To ask the Chancellor of the Exchequer when he will make a further statement about the proposal to allow local authorities to share with Her Majesty's Treasury the benefits of new business creation outlined in the Budget speech. [109921]
John Healey
The Government will consult this summer on the detailed proposals for a scheme to allow local authorities to retain some or all of the increases in business rates revenue as a result of economic growth in their area.