London Banter - View Single Post

Robin[_4_] · September 20th 17, 08:48 AM posted to uk.transport.london

On 19/09/2017 18:28, wrote:
In article , (Roland Perry)
wrote:

In message , at
14:13:20 on Tue, 19 Sep 2017, Robin remarked:
I wonder why covent garden was spared? Its a small cramped station
that can't really cope with evening crowds and its literally a 3-4
minute walk to leicester square. Its a bit of an anomoly IMO.

IMO the explanation is lots of tourists, who support lots of shops and
restaurants, who pay lots of business rates,

Unlike the rest of the country, are London business rates kept by the
local authority, or are they just general revenue kept by the
Treasury?

Not really, though it does sort of come back to local authorities now.

Without wanting to get into a Boris-style battle, since 2013 it is not
all paid over gross to central government. Broadly, LAs handed over
half and kept half, but the half they keep is subject to various
reductions adjustments (levies? circumcisions?) and additions. A
government Bill in 2016 proposed 100 percent retention but that fell
with the General Election.

--
Robin
reply-to address is (intended to be) valid