Economy: High Street Trade

Lord Campbell-Savours Excerpts

Tuesday 10th May 2016 Lords Chamber

[Baroness Williams of Trafford]

I thank my noble friend for recognising what the Government have done. He talked about various chains going bankrupt and the declining footfall on our high streets. In fact, footfall is now increasing and some high streets have responded very well to the changing patterns of the high street. The ones that have responded well are seeing very good results; for example, in my own town of Altrincham the market has almost completely revitalised the town centre.

[Lord Campbell-Savours (Lab)]

The questioner specifically asked about a turnover tax on online trading. What is the Government’s response to that suggestion?

[Baroness Williams of Trafford]

I have outlined the Government’s response to the suggestion, which is that high streets have found numerous ways of responding to the different patterns on our high street. Many chains on the high street are in fact benefiting from things like click and collect.