(10 years, 3 months ago)
Commons Chamber10. How many shops in (a) England and (b) Stourbridge constituency have benefited from the reduction in business rates.
We are providing £1 billion for the business rates support package, including a £1,000 discount for smaller shops, businesses and restaurants. We estimate that about 300,000 retail premises will benefit from this discount in England, including more than 1,000 retail premises in Bury; nearly 400 retail premises in Stevenage; more than 800 in East Hertfordshire and 600 in North Hertfordshire; more than 1,000 retail premises in Norwich and 300 in Broadland; and 1,000 retail premises in Dudley.
As my hon. Friend observes, and as many of us have seen, the Labour party is not business-friendly, unlike those campaigners who are supporting Dixie’s café and are out seeking to secure a Conservative majority while buying coffee and bacon sandwiches from what I am sure is a fantastic local shop.
Lower business rates are undoubtedly a factor in the recovery of high streets in my constituency of Stourbridge. Will my hon. Friend update the House on how many shops have benefited from the additional discretionary and hardship rate relief powers made available to local authorities by the Localism Act 2011?
Unfortunately, I cannot give my hon. Friend those details, because we do not record them. We should, however, recognise that this £1 billion package is part of the Government’s response to ensure that we have more businesses and more jobs. The £1,000 discount for local businesses this year and next year has had the successful impact of bringing 1.8 million people into employment, and that is a direct consequence of this Government’s intervention.