Resolved
(1) That the Council remain in a business rates pool for participating authorities in Oxfordshire, noting the risks and benefits, be endorsed and approved ‘in principle’.
(2) That delegated authority be granted to the Chief Finance Officer (S151 Officer), in consultation with the Lead Member for Financial Management, to conclude necessary due diligence each year and confirm the Council’s final intention on whether or not to participate in an Oxfordshire business rates pool (however constituted) in future years. This is subject to the Government not changing the current arrangements for pooling and if the arrangements were to change then a report would be brought back to Members for consideration.