Caroline Dinenage
Main Page: Caroline Dinenage (Conservative - Gosport)Department Debates - View all Caroline Dinenage's debates with the Department for Education
(10 years ago)
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Matthew Hancock
We have gone further than that: we have cut by £1,000 business rates for all small retail premises. It is crucial to ensure that business rates work in the long term. They raise a lot of revenue and we have to be aware of that fact. There will be a review in the run-up to 2017, when there will be a planned revaluation. I understand the impact of business rates and we have to ensure that they work better.
Caroline Dinenage (Gosport) (Con)
Access to banking support is vital for small businesses, yet in my constituency NatWest is closing its Stubbington branch and later this month HSBC will close the last bank in Lee-on-Solent. Will the Minister urge those banks to do more to keep these important local services open?
Matthew Hancock
Yes, of course. The changes in banking and the way most people bank—their use of technology—has an impact on how banks operate. Having visited Stubbington and Lee-on-Solent with my hon. Friend only this week, I know how important these issues are locally. Ultimately, this is a commercial matter for the banks, but we have to ensure that banking services are available in all communities, not least to make sure that vulnerable people have access to services if they cannot use the technology.