Councils should not get rates

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A COMMERCIAL property agency says deprived areas will lose out if councils are able to keep money generated by business rates.

The idea behind the proposed government scheme is to give councils a better chance of attracting businesses to their areas by setting the rates themselves.

Peter Williams, associate director for Lambert Smith Hampton’s south coast team, said: ‘The coalition’s attempts to hand additional tax-raising powers to local authorities through the revised business rates system are ill conceived and, without an equalising mechanism, could lead to vast discrepancies and regional inequalities, which would do no favours for business operators.’