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<p>The retention of business rates locally is an important part of our plan to take
power out of Whitehall and return it to local government. This means we will no longer
be taking local business rates income into Whitehall for redistribution as grant.
All locally collected business rates will stay with local government.</p><p>We have
already been clear that we will retain redistribution within the system. We recognise
that we will need to redistribute to ensure councils don’t lose out merely because
they currently collect less in rates.</p><p>The Government is currently working with
the Local Government Association, and engaging directly with local authorities, to
develop the detail of this change. This includes developing the mechanics of redistribution.
As previously announced, we will consult later this year and implement this important
change to the local government finance system by the end of this Parliament.</p>
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