delete The Local Government Finance Act 1988 (Non-Domestic Rating Multipliers) (England) Order 2015
This Order sets the non-domestic rating multiplier (B=256.9) for England for the financial year beginning 1st April 2015, determining business rates charges for commercial properties. It requires House of Commons approval before the local government finance report for that year.
This Order is entirely obsolete — it governs business rates for a financial year that began on 1st April 2015 and ended on 31st March 2016, nearly 11 years ago. Furthermore, business rates themselves are a significant distortionary tax on commercial property investment that harms UK competitiveness, raises costs for retailers and manufacturers, and discourages capital formation. The rigid multiplier of 256.9 represents centralized price-fixing that could be improved through reform or elimination of the regime. Since this Order has no current operative effect and merely preserves a historical record of a harmful tax mechanism, it should be removed from the statute book.