Mr. Sean Murphy:

Deputy Calleary asked about the local tax initiatives and target town centres, as opposed to the large retail levy and expanded small business release scheme, as it is called in the North. Our thinking is that the French model is a little more nuanced and targeted, focusing on a retail mix that is vital in getting footfall in town centres. Phone shops are very welcome additions to the streetscape but we do not want five in a row. We want a baker, the candlestick maker and the phone shop. The French model allows for a more targeted approach to diversity and shop mix.

We have been a supporter of local property taxation and we welcome its introduction, although the timing is poor in terms of the economic cycle. It has always been needed to disincentivise local authorities in chasing development levies etc. When the local property tax is being rolled out, we have a once in a generation opportunity to support and recalibrate funding and taxing of local government in a way that supports jobs, often with low-skilled staff or businesses with a low margin. That would help to enhance and animate town centres.