Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

US-STYLE BIDs PLAN FOR LONDON

  • Comment
The Corporation of London will lobby the political parties to allow businesses to tax themselves to provide extra s...
The Corporation of London will lobby the political parties to allow businesses to tax themselves to provide extra security and cleaner streets.

The corporation says the government should pass legislation so companies can set up business investment districts. BIDs, which are common in the US, require a majority of property owners to vote for an extra rate to be spent on improved services.

Tony Travers of the London School of Economics, who investigated BIDs for the corporation, said they were generally popular with companies and local government.

Bernard Harty, the corporation's town clerk and chamberlain, said it would be more difficult but more sensible to levy UK BID tax on property owners rather than occupiers.

He predicted a better than 50% chance of BIDs being adopted.
  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.