The Local Government Finance Bill gives local authorities the power to keep some of the money they raise from business rates in their area.

BBC: Government defeated over council tax plans

She claimed the new Local Government Bill was the embodiment of the coalition's message of freedom, fairness and responsibility.

BBC: Halt to unitary Exeter and Norwich plan 'arrogant'

You can take advantage by buying deposits in the local treasury bill market through a global bank, but fast-moving prices make this tricky.

FORBES: Here come the bottom-fishers