What was one of the proposed changes regarding Uniform Business Rates by the Chancellor in 2015?

The proposal to devolve Uniform Business Rates for local spending reflects a significant shift in the way local governments were given control over their finances. This change aimed to empower local authorities by allowing them to set their own business rates, potentially leading to more tailored financial solutions that address the unique needs of local economies. By giving local councils the ability to manage and adjust these rates, the Chancellor's plan sought to strengthen local governance and encourage local investment, thereby fostering economic growth within communities. This devolution also aligns with broader trends toward localism in governance, providing municipalities with the tools to better respond to the specific demands of their constituents and businesses.

In contrast, eliminating rates entirely would remove a critical revenue source for local services, doubling the rates could place an excessive burden on businesses, and standardizing the tax rate would undermine the principle of local flexibility and autonomy that the devolution aims to enhance.