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Where next for local government financial reform?

Newspaper article

Last week’s Queen’s Speech inevitably focused on Brexit. A lot of the subsequent media coverage highlighted the Conservative manifesto pledges that were missing. But councils will have noticed another notable absence: a Local Government Finance Bill. With the 2016/17 Bill failing to pass before the election, where does this leave reforms to the local government finance system?

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This report provides an initial look at the changes in councils’ spending, funding and funding systems since 2010, and highlights some of the key issues for the planned shift to 100% retention of business rates revenues by councils in England.
This is a response by David Phillips, an Associate Director at the Institute for Fiscal Studies (IFS), to the government consultation “100% business rates retention: further consultation on the design of the reformed system”. The views and opinions expressed here are those of the author only. ...