Business of the House

Bobby Dean Excerpts

Thursday 11th December 2025 Commons Chamber

[Mr Speaker]

I call the Liberal Democrat spokesperson.

[Bobby Dean (Carshalton and Wallington) (LD)]

Before I begin, I join the tributes to Lance Corporal George Hooley. His tragic death reminds us of the courage of all our armed forces in their determination to protect our country.

My inbox, like those of other Members, I am sure, has this week been full of correspondence from demoralised businesses, after they were hit by yet another tax rise. We have spoken a lot about the cost of living crisis, but we are now experiencing a cost-of-doing-business crisis, too. Nowhere is that felt more than in the hospitality and retail industries. We in this House are quick to talk about such businesses being the heart of our communities, but they have suffered a lot in recent years. They closed during the covid pandemic, have suffered the rise of the online competition, and were hit by employer national insurance rises last year—those industries were particularly hit by that change because they employ many of the low-paid and young first-jobbers in our economy. They were promised good news on business rates in the Budget, in the form of a fairer system and lower rates, but the revaluations, combined with the tapering of reliefs, have meant that many bills are set to rise.

Businesses in my Carshalton and Wallington constituency, such as Wallington Cycles and the Sun pub in Carshalton, have sent me pretty desperate emails setting out their worries for the future. I have tried to reassure them about the transitional relief that the Government have put in place, which should offset some of the damage, but that is small comfort against the backdrop of so many rising costs. We talk about fairness, but Harrods’ bills are set to fall by over £1 million, while the bill of the average pub will go up by £1,400 every single year.

The Government gave themselves powers to offer a discount of 20p in every £1, but so far they have offered discounts of just 5p. Will the Leader of the House ask the relevant Minister to make a statement to clear up all this confusion and reassure businesses that they will be supported in the coming years?

[Sir Alan Campbell]

We do not just talk about small businesses being at the heart of our local communities. They are at the heart of what we do and our approach to these matters. That is why we have introduced permanently lower rates for retail, hospitality and leisure properties with a rateable value under £500,000, which is worth nearly £900 million annually and benefits three quarters of a million properties. The new relief rates are permanent, giving those businesses certainty and stability, and there is no cap at all, so that all qualifying properties will benefit.

We recognise that there is a challenge in revaluation, which was instigated by the previous Government and is being carried out independently by the Valuation Office Agency. Some businesses have seen their values increase significantly since the pandemic, and I understand that some will be disappointed with the outcome of the Budget, but we are spending £2 billion this year to cap any increases for many businesses up and down the country.

In terms of statements from Ministers, I have just read out the business for next week. We have the Second Reading of the Finance (No. 2) Bill, and I am sure the hon. Member and his party’s finance spokesperson will use that opportunity to raise these concerns further.