Andy MacNae
Main Page: Andy MacNae (Labour - Rossendale and Darwen)Department Debates - View all Andy MacNae's debates with the HM Treasury
(1 day, 10 hours ago)
Commons Chamber
Dan Tomlinson
The hon. Gentleman has asked about timing. We have announced this decision today in time for new bills to be issued from 1 April that reflect the changes the Government have proposed, because we have listened and because we have carried out that engagement in recent weeks. I am not sure that I will take the hon. Gentleman up on his offer of a pub crawl just yet, but I hope he will be able to welcome the support we have provided for the pubs that he raised with me in questions earlier this year.
Andy MacNae (Rossendale and Darwen) (Lab)
I thank the Minister for his positive engagement and his willingness to listen. It has made a big difference. His announcement will be a big relief to pubs throughout my constituency, and it shows that the Government are on their side. However, he has rightly recognised the need for more fundamental reform, so I welcome the announcement of the pub and hotel valuation methodology reviews and the high street strategy. Does he agree that this is an opportunity to think further about how the business rates system, and indeed the tax system as a whole, could be used to actively incentivise entrepreneurs to start and grow businesses and create jobs in the places where our communities need them most?
Dan Tomlinson
I thank my hon. Friend for his persistent and powerful engagement on these matters. He is an expert on all things high street and business rates, as I have come to know. Let me point him to the transforming business rates work that the Government have been publishing and advancing. One possibility that we are considering carefully and talking to businesses about is changing the business rates system from a slab system to a slice system. At present, if a business goes over an individual threshold, the new tax rate will then apply to the whole value of its property. Reform is always tricky, but we want to investigate whether changing to a slice system, whereby the tax rate would not involve those big stepped increases, would support investment by businesses on high streets in Rossendale and Darwen and across the country.