Commenting on the announcement today by the Prime Minister on Business Rate Supplements David Frost, Director General of the British Chambers of Commerce, said:
"With a slowing economy and surging inflation the last thing that businesses will want to see is local authorities using new business rate powers to dip into the pockets of hard pressed companies to subsidise shortfalls in their budgets.
"Accountability will be absolutely crucial if businesses are going to buy into this. Firms must be allowed a vote on any proposals, be fully consulted beforehand on what the money is being raised for and have full involvement in the delivery of any projects . This must not turn into local authorities dictating terms to business."