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SUMMARY:Business rates pooling - Pandya\, H (Department for Communities an
 d Local Government)
DTSTART:20130326T103500Z
DTEND:20130326T111500Z
UID:TALK44148@talks.cam.ac.uk
CONTACT:Mustapha Amrani
DESCRIPTION:Under the Business Rates Retention Scheme\, local authorities 
 can now pool their business rates income. DCLG has spent the last 9 months
  introducing pooling and have 13 pools (comprising of 90 local authorities
 ) which will operate from 1 April 2013. DCLG would like help in developing
  a model to simulate local authorities income levels on an annual basis. T
 he data required to initially construct the model is already available but
  there are limitations on the types of the information available to simula
 te future income positions. For example\, local authority income could be 
 simulated using historic growth\, but we know that there is a large degree
  of volatility in business rates income so historic growth cannot predict 
 future income. Therefore the model should consider the wide range of volat
 ility and simulate growth scenarios to enable DCLG to undertake a sophisti
 cated degree of scenario planning.\n
LOCATION:Seminar Room 1\, Newton Institute
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