Bradley Thomas
Main Page: Bradley Thomas (Conservative - Bromsgrove)Department Debates - View all Bradley Thomas's debates with the HM Treasury
(1 day, 12 hours ago)
Commons ChamberAs my hon. Friend the Exchequer Secretary has already set out many times today on fuel duty, we inherited plans from the previous Government that would have seen fuel costs go up for people across the country. We have extended the 5p cut on fuel duty and extended the freeze, which is an important way of helping people with the cost of living right now.
Bradley Thomas (Bromsgrove) (Con)
The Exchequer Secretary to the Treasury (Dan Tomlinson)
The Government have introduced a support package worth £4.3 billion to protect rate payers across the country against the impact of the independently set new property values, whereby properties have been valued for the first time since the pandemic. We have also introduced permanently lower multipliers for eligible retail, hospitality and leisure properties worth nearly £1 billion a year, and this will benefit more than 750,000 high street businesses.
Bradley Thomas
I recently met Chris, the owner of Chapters Hair in Bromsgrove, who told me that current conditions are the most difficult he has faced in 25 years of trading, which he attributes directly to the decisions taken by the Chancellor. Why is it that the Chancellor of the Exchequer and the Government across the board are riding roughshod over what business owners think—the people who know best how to run their businesses—and when will the Government get off their backs and get on their side?
Dan Tomlinson
Under the previous Government, the business rates multiplier—the tax rate—paid by medium-sized businesses and the very largest businesses was exactly the same. We have implemented significant reforms to the way businesses rates work so that the system supports the high street, and the tax rate paid by small high street businesses will now be 33% lower than the rate paid by the largest properties, such as online giants. Of course, the revaluation since the pandemic has had an effect, and that is why we have stepped in to provide support.