TAILIEUCHUNG - Plain English Guide to: Business Rates Retention and the 2013-14 Local Government Finance Settlement

As a result of its products, services and alliances, LSI’s customers will be able to provide healthier, more educated sound choices about the treatments they offer or dispense. Health care Institutions will find their practices flourishing, as they are able to deliver to their patients alternative choices needed to stay well. They will find they have moved into informed partnerships with their patients where each is responsible for their part and both are empowered and enlightened through information that is now available. Those who market supplemental nutritional products will find LSI’s collection of information invaluable in documenting research, which supports the validity of. | Plain English Guide to Business Rates Retention and the 2013-14 Local Government Finance Settlement December 2012 Plain English Guide to Business Rates Retention and the 2013-14 Local Government Finance Settlement Introduction Local government accounts for a quarter of all public spending. This year English councils will spend . That s a bigger budget than the NHS and twice the defence budget. So it s vital that councils continue to play their part in tackling the inherited budget deficit by making sensible savings through better procurement shared services and greater transparency while continuing to protect frontline services. Over the past year councils have called for stability and limited changes and we have listened to those concerns. Nearly all other parts of Government and other local services are facing a further one per cent reduction in funding next year. Local government has been protected from that in order to give councils time to transform service delivery and make the savings needed for the future. This is the first financial settlement that reflects the entirely new financial relationship between central and local government. We have ended the complex and unfair system which redistributed the proceeds of local growth which meant councils had no incentive to support local businesses and which encouraged a begging bowl mentality that kept them dependent on central government. For the first time in a generation local government will get a direct financial benefit from helping to deliver local business growth. Councils will now be able to keep half of any increases in business rates to invest locally. Over the next seven years this has the potential to add 10bn to the national economy. Most importantly of all this is a fair settlement which protects hard working families and the most vulnerable. For the third year in a row we are providing funding so that all councils can freeze council tax and help families with the cost of living. Decisions .

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• Functional analysis
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