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<p>The Government intends to move to 100% business rates retention in England by the
end of this Parliament. We have confirmed that as part of the new system there will
continue to be redistribution of local tax revenue between authorities and protections
in place for authorities that see their business rates income fall significantly.
Over the coming months we will be working with local government on the details of
the scheme.</p><p>Ahead of final decisions, it is too early to assess what the impact
will be on individual areas or authorities, but before the start of the financial
year, local authorities in the North-East estimated that the total business rates
income for 2015-16 would be £854.58 million.</p>
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