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

Government under pressure as NAO finds universal credit not delivering value for money

15/06/2018Government under pressure as NAO finds universal credit not delivering value for money

Universal Credit (UC) has not delivered value for money and-- it is uncertain that it ever will, according to research published by the National ... more >
Bolton council buys shopping centre as part of £1bn town centre masterplan

15/06/2018Bolton council buys shopping centre as part of £1bn town centre masterplan

Bolton Council has purchased Crompton Place shopping centre in a £14.8m deal. The move has been funded by the council’s £100m ... more >
On a cliff edge: The Barnett Formula

14/06/2018On a cliff edge: The Barnett Formula

David Phillips, associate director at the Institute for Fiscal Studies, gives his analysis of the Barnett Formula post-Brexit and asks: how will ... 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 >
Government under pressure as NAO finds universal credit not delivering value for money

15/06/2018Government under pressure as NAO finds universal credit not delivering value for money

Universal Credit (UC) has not delivered value for money and-- it is uncertain that it ever will, according to research published by the National Audit Office (NAO) today. The roll out of the... more >
Bolton council buys shopping centre as part of £1bn town centre masterplan

15/06/2018Bolton council buys shopping centre as part of £1bn town centre masterplan

Bolton Council has purchased Crompton Place shopping centre in a £14.8m deal. The move has been funded by the council’s £100m town centre fund, which is financed through a low ... more >

the raven's daily blog

The work of the vanguards can help overcome the challenges of integrated care

29/05/2018The work of the vanguards can help overcome the challenges of integrated care

Following the announcement of the second wave of integrated care systems (ICSs), NHS Providers, the NHS Confederation, NHS Clinical Commissioners (NHSCC) and the LGA reflect on how lessons learnt by members from across the four organisations – that have designed and worked together as part of the vanguards – will support the j... more >
read more blog posts from 'the raven' >

comment

On a cliff edge: The Barnett Formula

14/06/2018On a cliff edge: The Barnett Formula

David Phillips, associate director at the Institute for Fiscal Studies, gives his analysis of the Barnett Formula post-Brexit and asks: how will ... more >
The digital journey so far

08/05/2018The digital journey so far

Michael Sage, digital services group manager at Chelmsford City Council, outlines the authority’s journey towards becoming digitally indepe... more >
Equipping the cyber security gatekeepers

08/05/2018Equipping the cyber security gatekeepers

With the General Data Protection Regulation (GDPR) just around the corner, cyber security is on the lips of the whole public sector – but P... more >
The hydrogen revolution

08/05/2018The hydrogen revolution

PSE’s Josh Mines takes a look at an innovative scheme in Sheffield that will see some of the first hydrogen-fuelled vans begin work in the ... more >

interviews

Data at the heart of digital transformation

03/04/2018Data at the heart of digital transformation

SPONSORED INTERVIEW Grant Caley, UK & Ireland chief technologist at NetApp, speaks to PSE’s Luana Salles about the benefits of movin... more >
GDPR: The public sector scarecrow

03/04/2018GDPR: The public sector scarecrow

SPONSORED INTERVIEW PSE’s Josh Mines chats to Martin de Martini, CIO of Y Soft, about what the General Data Protection Regulation (GDPR)... more >
Keeping London safe

05/03/2018Keeping London safe

Theo Blackwell, London’s first-ever chief digital officer (CDO), speaks to PSE’s Luana Salles about the role he plays in ensuring the... more >
BIM: Digitising the public sector

19/02/2018BIM: Digitising the public sector

PSE’s Josh Mines talks to Stephen Crompton, CTO at GroupBC, and Stuart Bell, the company’s sales and marketing director, about how Bu... more >

public sector focus

  • 12/06/2018G-Cloud 10: small changes, big opportunities

    Rafael Cortes, Foehn head of marketing, explains how G-Cloud 10 should be a catalyst for innovative solutions and not a source of complacency. It was...
  • 04/06/2018Targets and tribulations

    David Willett, corporate director at The Open University, walks us through the university’s research into the apprenticeship levy, as well as...
  • 30/04/2018The legacy of Grenfell

    PSE’s Seamus McDonnell looks at the reactions of councils and the government to the Grenfell Tower fire, from the immediate aftermath to the...
View all News