Sentence examples for cap on rate from inspiring English sources
Brendan Flattery, chief executive of Sage UK and Ireland, says an overhaul of business rates is "long overdue": The 2% cap on rate increases is a welcome first step but it does not go far enough – and any review should happen well before the 2017 date mentioned.
Putting a cap on rates for the most expensive properties was one of the DUP's red lines during the St Andrew's talks back in 2006, so it was no surprise that the finance minister argued that abolishing the rates cap wouldn't "deal with those who are asset-rich but income-poor".
Yet legislation passed late last year set a cap on rates and even allowed borrowers to reclaim interest already paid.
Both Pennsylvania Power and NorthWestern agreed to a cap on rates at the time they bought assets from Montana Power, but that cap expired in July 2002.
The bill would roll prices back to their levels in June, before rates began to increase, order the state utility commission to place a firm cap on rates at that level and create a mechanism for passing along excess profits to consumers.
The extension of rates relief and the cap on rates for small and new businesses are welcome, though they come at the cost of some complexity and in any event, business rates are not fit for purpose and need to be replaced long before the next revaluation.
McPherson noted the lower the cap on rates, the higher the cost for the federal government.
Beyond greater state financing for schools, property tax relief generally takes two forms, said Mr. Hoene of the National League of Cities — so-called circuit breakers, which limit increases for homeowners on fixed incomes, and one-size-fits-all caps on rate increases.
The bill sought to crack down on credit card issuers by setting a cap on interest rate increases and prohibiting interest rate increases on existing debt.
This could prompt the FCA to take action, such as imposing caps on rates.
However, a number of critiques by electricity economists show that the benefits were not the result of market forces, but of government-imposed freezes and caps on rates.
