rate-cappingn.
/ˈreɪtkapɪŋ/, U.S. /ˈreɪtˌkæpɪŋ/, Australian English /ˈræetkæpɪŋ/, New Zealand English /ˈræetkɛpɪŋ/ British (now chiefly historical), Australian, and New Zealand.
The imposition of an upper limit on the amount of money which a local authority can spend and also levy through rates, intended as a disincentive to high spending on local services, etc. Cf. rate n.1 6c.
ΘΚΠ
society > trade and finance > fees and taxes > impost, due, or tax > local or municipal taxes or dues > [noun] > rates > rate-capping
rate-capping1983
1983 Times 9 July 7/4 At their recent conference they condemned the Government's plans for ‘rate-capping’ legislation.
1992 Times Educ. Suppl. 31 Jan. 5/6 It is not the full-time teachers, but the peripatetics, the professional performers, who have been cut and cut under rate-capping.
1996 Daily Tel. (Sydney) (Nexis) 13 Mar. Local Government Association (LGA) president Peter Woods said the State Government should restrict itself to the same revenue increase, if it wanted to impose rate capping on councils.
2001 M. Steel Reasons to be Cheerful xiii. 153 Militant-led Liverpool was one of forty-two councils that originally pledged to defy the Tory law, known as ratecapping, that prevented local councils from raising rates in order to maintain services.
This entry has been updated (OED Third Edition, December 2008; most recently modified version published online March 2022).
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n.1983