rate-capv.
/ˈreɪtkap/, U.S. /ˈreɪtˌkæp/ Chiefly British. Now chiefly historical.
transitive. To impose rate-capping on. Also intransitive.
ΚΠ
1984 Financial Times 7 Feb. 17/1 If the Government really is going to ratecap a mere handful of authorities, then the Bill is of no general value to industry or commerce.
1985 Economist 26 Jan. 23/2 Will the government hit the target this time? At least it has the power to rate-cap.
1999 C. Norris & G. Armstrong Maximum Surveillance Society ii. 37 Local councils were rate-capped and unable to pay for increased expenditure through increased taxation.
Derivatives
ˈrate-capped adj.
ΘΚΠ
society > trade and finance > fees and taxes > impost, due, or tax > local or municipal taxes or dues > [adjective] > subjected to rate-capping
rate-capped1984
1984 Economist 11 Feb. 22/2 Both implied that rate-capped councils should defy the law rather than carry out Whitehall's cuts.
1996 M. Loughlin Legality & Locality iii. 197 This episode thus provided an incentive to the..rate-capped authorities the following year to embark on a collective strategy of non-compliance.
This entry has been updated (OED Third Edition, December 2008; most recently modified version published online March 2022).
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v.1984