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Although the cap, together with much more generous capital allowances, does not apply until 2016, councils are being urged to encourage people to get assessments this year to avoid lengthy queues next spring.
Mr Brown adopted a similar approach to business taxation, responding to pressure from industry by cutting the main rate of corporation tax from 30p to 28p but clawing money back through less generous capital allowances.
The chairman of the Federal Reserve, Ben S. Bernanke, in a speech in Chicago, urged banks to continue to raise capital because the financial market turmoil underscored the need for "generous" capital cushions.
Despite claims that they are well capitalised, with generous capital ratios of 22% said to be typical, they have all but stopped lending to each other or to local firms, especially smaller ones.Critics say the banks are frozen because many are dangerously exposed to the stockmarket slump, after rashly securing a large portion of their loans with now almost worthless equities.
All of this when New York City has a budget surplus and is committing generous capital dollars to building two minor-league baseball stadiums: for the Yankees in the St . Georgesection of Staten Island and for the Mets in Coney Island.
In addition to the green infrastructure bank, there will be a growth fund for small businesses, an ombudsman to whom companies can appeal if their bankers give them a raw deal, the extension of the time to pay tax scheme for the whole of the next parliament, more government contracts, higher capital allowances, tax breaks for patents and a more generous capital gains tax regime for entrepreneurs.
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And the legislation wouldn't just eliminate the estate tax -- it would also allow heirs to escape the already-generous capital gains tax on any stocks and real estate they receive.
Haiti needs generous venture capital that encourages some firms to move in first.
As a payment processor, the tight relationships that First Data has with most of the country's banks and credit-card issuers is unparalleled, and simply cannot be matched by an institution going it alone or by a startup with generous venture capital.
Through generous human capital investments, MHCS will exceed our customer's expectations.
Jet was able to use its generous venture-capital funding, and a lack of interest in becoming immediately profitable, to be generous to its employees; Walmart, on the other hand, is known for being stingy in the interest of generating profits.
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