Neil Amin-Smith

Neil Amin-Smith

Research Economist

Education:

MPhil Economics, Cambridge University, 2013
Postgraduate Diploma Economics, Cambridge University, 2011
BA History, Cambridge University, 2010

Neil joined the IFS in 2016 and works as a Research Economist in the Pensions and Public Finance sector. He is currently working on a project studying local government finance.

 

 

 

100% business rate retention pilots: what can be learnt and at what cost?

| Briefing Note

The business rates retention scheme (BRRS) means that councils bear a proportion of the real-terms change in business rates revenues in their areas. When the BRRS was introduced in 2013–14, this proportion was up to 50%. However, since April 2017, the government has been piloting 100% retention of real-terms changes in business rates revenues in a number of areas of England. From April 2018, a further 10 areas are piloting 100% schemes. In this briefing note, we examine two questions. First, what are the financial implications of the pilots for different councils? In particular, what is the financial benefit to councils taking part in the pilots, and what does this imply for those councils not in pilot areas? Second, what can be learnt from these pilots? The government has explicitly set out what it hopes to learn, but how informative are the pilots actually likely to be?

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