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By the end of the Parliament, local government will retain 100% of taxes raised locally, giving councils control of an additional £12.5 billion of business rates to spend on local services. To ensure the reforms are fiscally neutral, some existing grants will be phased out and responsibilities will be devolved to local authorities. This move towards self-sufficiency and away from dependence on central government is something councils have long campaigned for. We have worked in close collaboration with local government in how to implement this commitment, including through the Business Rates Retention Steering Group, which is jointly chaired by the Local Government Association and the Department for Communities and Local Government.<\/p>