Economy and Infrastructure

14.03.18

Triennial business rate revaluation brought forward to 2021

The next business rates revaluation has been brought forward to 2021, Philip Hammond has announced.

In his Spring Statement yesterday, the chancellor said that the revaluation would be brought forward by a year, from 2022.

The triennial revaluations, which were announced in the Autumn Budget, will now begin from 2021.

Hammond said that the government is committed to supporting British businesses, and that business rates will be reduced by over £10bn.

He called the government “champions of small businesses and the entrepreneur,” and announced that it will launch a Call for Evidence in order to understand how the UK’s least productive businesses can learn from, and catch up with, the most productive.

Another Call to Evidence will be launched to establish how to eliminate the “continuing scourge of late payments” which he called a “key ask” from small businesses.

He reaffirmed the government’s commitment to delivering three million apprenticeships by 2020, with the support of businesses through the apprenticeship levy, but acknowledged the challenges that the new system poses to some small businesses who may be looking to employ an apprentice.

Education Secretary, Damian Hinds, is to release up to £80m of funding to support those small businesses in engaging an apprentice, Hammond announced.

In addition, he pledged £500m a year for to T-Levels, which Hammond called “the most ambitious post-16 reforms in 70 year.”

From next month, £50m will be available for the rollout of T-Level work placements.

Top imge: PA Wire

Have you got a story to tell? Would you like to become a PSE columnist? If so, click here

Comments

There are no comments. Why not be the first?

Add your comment

 

related

public sector executive tv

more videos >

latest public sector news

Cabinet member resigns over Birmingham council’s ‘declaration of war’ against staff unions in long-running bins dispute

18/01/2019Cabinet member resigns over Birmingham council’s ‘declaration of war’ against staff unions in long-running bins dispute

Birmingham City Council is seeking a court injunction against refuse workers striking against fortnightly rubbish collections, sparking the cabin... more >
Liverpool City Region mayor proposes ‘metro mayor tax’ to deliver priorities, one year after ruling it out

18/01/2019Liverpool City Region mayor proposes ‘metro mayor tax’ to deliver priorities, one year after ruling it out

Liverpool City Region (LCR) mayor Steve Rotheram has proposed a new ‘metro mayor tax’ a year after ruling out such a move as he unvei... more >
Deal struck in historic 12-year equal pay dispute with Glasgow City Council

18/01/2019Deal struck in historic 12-year equal pay dispute with Glasgow City Council

An agreement has been reached over the long-running and bitter dispute over equal pay at Glasgow City Council, which will see thousands of female... more >

editor's comment

25/10/2017Take a moment to celebrate

Devolution, restructuring and widespread service reform: from a journalist’s perspective, it’s never been a more exciting time to report on the public sector. That’s why I could not be more thrilled to be taking over the reins at PSE at this key juncture. There could not be a feature that more perfectly encapsulates this... read more >

last word

The importance of openness after Grenfell

The importance of openness after Grenfell

Following the recent Grenfell Tower tragedy, Lord Porter, chairman of the LGA, argues that if the public are going to have faith in the safety testing process then everything must be out in the o... more > more last word articles >
Cabinet member resigns over Birmingham council’s ‘declaration of war’ against staff unions in long-running bins dispute

18/01/2019Cabinet member resigns over Birmingham council’s ‘declaration of war’ against staff unions in long-running bins dispute

Birmingham City Council is seeking a court injunction against refuse workers striking against fortnightly rubbish collections, sparking the cabinet member for clean streets, waste and recycling t... more >
Liverpool City Region mayor proposes ‘metro mayor tax’ to deliver priorities, one year after ruling it out

18/01/2019Liverpool City Region mayor proposes ‘metro mayor tax’ to deliver priorities, one year after ruling it out

Liverpool City Region (LCR) mayor Steve Rotheram has proposed a new ‘metro mayor tax’ a year after ruling out such a move as he unveils his key priorities for the combined authority&r... more >

the raven's daily blog

Blog: 5 minutes with Dr Tracy Vell MBE, Associate Lead for Primary and Community Care, Greater Manchester, Health and Social Care Partnership.

17/01/2019Blog: 5 minutes with Dr Tracy Vell MBE, Associate Lead for Primary and Community Care, Greater Manchester, Health and Social Care Partnership.

Ahead of next month’s EvoNorth event we caught up with Dr Tracy Vell MBE, Associate Lead for Primary and Community Care, Greater Manchester, Health and Social Care Partnership. Dr Tracy Vell MBE shares her thoughts on the Northern Powerhouse, what it means to her and why she thinks it’s important to attend EvoNorth.  W... more >
read more blog posts from 'the raven' >

comment

Government accountability: A year in crises

15/01/2019Government accountability: A year in crises

From Windrush to Univerisal Credit: the Institute for Government’s (IfG’s) accountability lead Benoit Guerin discusses how we can ave... more >
Rethinking public-private partnerships

15/01/2019Rethinking public-private partnerships

Trinley Walker, senior policy researcher at the New Local Government Network (NLGN) considers some different ways of approaching the relationship... more >
Fracking: divest to invest

07/01/2019Fracking: divest to invest

Deirdre Duff, divestment campaigner at Friends of the Earth, takes a look at local authorities’ role in fracking. The fossil fuel indu... more >
Building credit with the public sector

07/01/2019Building credit with the public sector

Mark Morrin, localism lead and principal research consultant at ResPublica, makes the case for salary-deducted lending to sit alongside a broader... more >

interviews

Digital innovation in the public sector: The future is now

17/12/2018Digital innovation in the public sector: The future is now

One of the public sector’s key technology partners has recently welcomed a new member to its team. Matt Spencer, O2’s head of public ... more >
Artificial intelligence: the devil is in the data

17/12/2018Artificial intelligence: the devil is in the data

It’s no secret that the public sector and its service providers need to invest in technology to help make better use of their resources. Bu... more >
New Dorset Councils CEO on the creation of a new unitary: ‘This is going to be the right decision for Dorset’

05/11/2018New Dorset Councils CEO on the creation of a new unitary: ‘This is going to be the right decision for Dorset’

The new chief executive of one of the new unitary authorities in Dorset has outlined his approach to culture and work with employees, arguing tha... more >
Keeping the momentum of the Northern Powerhouse

15/10/2018Keeping the momentum of the Northern Powerhouse

On 6 September, the biggest decision-makers of the north joined forces to celebrate and debate how to drive innovation and improvement through th... more >

public sector focus

View all News