The Mayor moved that the recommendations be approved and this was
seconded by Councillor Jim Mallory. Following a contribution from the
Councillor Bonavia, it was unanimously :
RESOLVED that the proposal to create a London Business Rates pilot pool
based on the principles set out in the London Councils proposals be
endorsed, with a preference for Option D as set out (i.e. greater weighting to
“needs” and “population” (each 30%) with equal remaining weightings of 20%
for “incentives” and “investment” pots).