The quiet return of equalization alongside incentive in the English local government finance system

Mark Sandford

Public Money & Management, 2017, vol. 37, issue 4, 245-252

Abstract: Local authority retention of 50% of business rates revenue was introduced in England in 2013–14, to be increased to 100% in the next few years. This signalled a move away from formula-based grant funding towards a funding system based on economic incentives. However, the 2016–17 settlement includes adjustments that indicate that equalization imperatives remain part of the policy toolkit. Given the complexity of the influences on local authority funding, these could maintain a considerable role when the new system is introduced.

Date: 2017
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DOI: 10.1080/09540962.2017.1295724

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