(7 years, 9 months ago)
Commons ChamberRateable values are, of course, set independently of Ministers. The approach to the valuation of pubs has been agreed with all five bodies representing the pub sector, including the British Beer & Pub Association and the Association of Licensed Multiple Retailers.
Twenty-nine pubs are closing every week, and the industry estimates that it will need to increase prices by 30p per pint to deal with the £421 million rates increase after the revaluation. All small businesses—many of them in my constituency—are in the firing line. Given the public outcry from local businesses, local authorities and even his own Back Benchers, does the Minister agree with Labour that there should be a full review of the operation of business rates?
Pubs and pub-restaurants in Yorkshire and the Humber will see a 4% cut in their rates overall, and many will also benefit from the doubling of small business rate relief. However, as I said in response to an earlier question, the Secretary of State and the Chancellor are continuing to look closely at what further support can be made available to those most affected by rises.
(8 years, 4 months ago)
General CommitteesAs a Sheffield MP, it is only right that I pay tribute to the council leader, Julie Dore, who secured a very good deal for Sheffield through very hard-headed negotiations. I would like to ask the Minister about the €200 million European structural funding. Since the Brexit vote the other week, things are very uncertain. Can the Minister guarantee that the replacement of such funding will be in place if European funding is withdrawn?
I thank the hon. Lady and welcome her to the House. As we give effect to the will of the people of Sheffield—indeed the whole of South Yorkshire voted quite heavily for Brexit—it will be for the new Prime Minister to trigger article 50 at the appropriate time and begin those negotiations. Working with colleagues across Government, we are very keen to get that certainty about what happens to structural funding—the European regional development fund—in future. We are working on that and hope to be able to give guarantees at some point in the future. This is UK taxpayers’ funding, which goes to the European Union and comes back and is a portion of what we receive.