DECISION

1.    Continue the Council’s participation in the 8 Authority Pool for Business Rates with seven other London Local Authorities for 2024-25.

Action by: CORPORATE DIRECTOR, RESOURCES (JULIE LORRAINE) (Interim Director of Finance, Procurement and Audit (John Harrison)

(Head of Strategic and Corporate Finance (Chris Leslie)

Councillor Saied Ahmed, Cabinet Member for Resources and the Cost of Living introduced the item that proposed why and how the Council could continue to participate in the business rates pool with seven other neighbouring London Boroughs in 2024/25.

The Mayor welcomed the report and proposals. He indicated he felt the pool would ensure the Council and its partners would be better off financially than by acting individually.

RESOLVED that the Mayor in Cabinet:

1.    Continues the Council’s participation in the 8 Authority Pool for Business Rates with seven other London Local Authorities for 2024-25.