Earl Cathcart
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Business Rates: High Street Retailers
Earl Cathcart Excerpts(7 years, 6 months ago)
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Lord Bourne of Aberystwyth
My Lords, as I indicated to the noble Lord, Lord Beecham, there will be a corrective mechanism. There needs to be because some areas are less wealthy, in terms of businesses, than others, and that is something that will be subject to discussion, not least as the Local Government Finance Bill goes through the other place and then comes to us.
Earl Cathcart (Con)
My Lords, given that some businesses, especially in London and the south-east, as my noble friend said, will see rate increases of more than three or four times, how will the new transitional relief arrangements work?