Outlook and appraisal [May 1985]

Love, James and Basu, Dipak and Blackhall, John and Chalmers, Margaret and Draper, Paul and Heeley, John and Jenkins, Iain and Lockyer, Cliff and Love, Jim H and McGilvray, Jim and McGregor, Peter and McNicolI, Iain and McVey, Mike and O'Donnell, Noreen and Simpson, David and Tait, Elizabeth and Walker, Jim (1985) Outlook and appraisal [May 1985]. Quarterly Economic Commentary, 10 (4). pp. 1-14. ISSN 2046-5378

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    Abstract

    The dominant recent issue in Scotland has been the controversy over the rating system. Protest over Scottish revaluation has led to a reconsideration of the rating system at UK level and a number of different options for reform, including a poll tax, different forms of property tax and a local income tax, are under consideration. There is, however, no obvious single option that will simultaneously satisfy industrial, commercial and domestic ratepayers and politicians. While it is well nigh impossible to disentangle economic and political considerations in this context, there is concern that rates increases will force business closures and redundancies, and in early May the Scottish Secretary made available £40m to reduce rates burdens on businesses.