UK Parliament / Open data

Business Rate Supplements Bill

I would like to press the Minister a little further on this because it might be the only chance we get to look at the important term "economic development" and whether it is the right one, or whether "development" is just too broad a term and allows local government officers to dream up lots of pet projects for the private sector to fund. What would be the effect of replacing "economic development" with "increasing economic output", "maximising economic productivity" or "creating wealth"? These are all the kind of objectives that business is looking for, especially at present; it has the objectives of increasing shareholder value and generating profits. If this is about business and raising funds from business to help business, perhaps we ought to mirror its objectives and have something that is more succinct and to the point. I appreciate that the Minister might want to reflect on that, but what is her response?
Type
Proceeding contribution
Reference
710 c296-7GC 
Session
2008-09
Chamber / Committee
House of Lords Grand Committee
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