Changes in business rates, if they go ahead, could have quite major consequences. In theory, it's going back to how things were until it was felt necessary to change them. But presumably depressed areas will struggle if they can't raise the money to make their infrastructure attractive to businesses.
Councils in England will be able to keep the proceeds from business rates raised in their area under plans unveiled by Chancellor George Osborne.Councils will also be able to cut the rate and some will be able to raise it. Mr Osborne said councils would hold on to £26bn, calling it the "biggest transfer of power" in recent history.