Skip to main content

New Business Creation

Volume 404: debated on Monday 28 April 2003

The text on this page has been created from Hansard archive content, it may contain typographical errors.

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]

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.