Covid-19: Financial Support for High Street Retailers Debate

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Department: Department for Business, Energy and Industrial Strategy

Lord Fowler

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Zimbabwe

Covid-19: Financial Support for High Street Retailers

Lord Fowler Excerpts

Domestic Abuse: Protection of Victims
Tuesday 27th October 2020

(3 years, 10 months ago)

Lords Chamber
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Lord Callanan Portrait Lord Callanan (Con)
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My noble friend makes an important point. Business rates are based on the rateable value of non-residential properties, and rateable value is a measure of the property’s annual open-market rental value, as assessed by the Valuation Office Agency. Clearly, with the move towards out-of-town shopping centres and online retailers, this is an area ripe for urgent review, and we are doing that.

Lord Fowler Portrait The Lord Speaker (Lord Fowler)
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My Lords, all supplementary questions have been asked, so we now move on to the next Question.

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