Jonathan Brash
Main Page: Jonathan Brash (Labour - Hartlepool)Department Debates - View all Jonathan Brash's debates with the HM Treasury
(1 day, 10 hours ago)
Commons Chamber
Dan Tomlinson
I do not know the details of that individual business owner and by how much her rateable value has increased, but we have implemented the permanently lower multipliers. They are now 33% lower than the tax rate that is paid by the online giants. That is a big change to the system that this Government have delivered, and which previous Governments ducked time and again. We have implemented our transitional relief caps this year, capping increases at £800 or at 15% or 30% for the largest businesses. We will continue to engage with businesses on what more we can do on a whole range of issues.
Mr Jonathan Brash (Hartlepool) (Lab)
Of course this package of support for pubs and music venues is most welcome, and I know it will be welcomed in Hartlepool, but I have been contacted by numerous businesses, including the Marine hotel in Seaton Carew, whose business rates will basically double this year. Hartlepool is a town of entrepreneurs and innovators, but they cannot afford that. Will the Minister look again at the wider support package that we could put in place for hospitality?
Dan Tomlinson
I would be happy to have a further conversation with my hon. Friend about this issue. It is really important that no hotel will see its business rates bill go up by 100% this year. It may be that the Marine hotel has seen a really significant increase in its rateable value, and we will review the methodology because of the large increases. We are aware of those, and we want to work on this issue with the hotel industry. It sounds like the business is probably one of the larger ones, so its increase will be capped at 30%. If it is a smaller business, the increase may be capped at 15%. That is the difference that this Government are making. If it is a business receiving RHL relief, it would have had that relief removed overnight under the previous Government, with a 300% increase in rateable values for businesses in 2025.