Business tax to fund transport upgrades
Local authorities looking to raise £10bn
The Centre for
Cities thinktank has proposed that a supplementary business rate be applied
to businesses to fund planned transport projects including
London’s Crossrail and
Birmingham New Street
The tax would allow big cities across Britain to borrow a total of £10bn to
fund the schemes.
In return for paying the extra tax, local businesses would have a greater say
in decision-making and would be able to sit down with local authorities to
discuss how to implement the rate rise.
Richard Lambert, CBI director general, said employers must be given a vote on