Member

The new Chapter 3A to be inserted into Schedule 7 to the Local Government Finance Act 1988 gives the Treasury new powers to set these additional multipliers by regulations. Those powers can be exercised only within the constraints provided for by this Bill. For the higher multipliers, paragraph A6A(1)(a) ensures that the Treasury cannot set a multiplier which is more than 10p higher than the non-domestic rating multiplier. The 10p cap is to provide flexibility; it is not the intended rate.