Business Rates: High Street Retailers

Lord Watts Excerpts

Tuesday 17th January 2017 Lords Chamber

[Lord Bourne of Aberystwyth]

My Lords, I think the noble Baroness is aware—it is the essence of her question—that, of course, all businesses pay business rates. Larger businesses tend to pay larger business rates. We have focused our reliefs, and the transitional relief which I have just touched upon, on ensuring that smaller businesses have the type of relief that is needed—and much earlier.

[Lord Watts (Lab)]

Will this mean that the poor areas of Britain will get less or more money as a result to provide public services?

[Lord Bourne of Aberystwyth]

My Lords, as I indicated to the noble Lord, Lord Beecham, there will be a corrective mechanism. There needs to be because some areas are less wealthy, in terms of businesses, than others, and that is something that will be subject to discussion, not least as the Local Government Finance Bill goes through the other place and then comes to us.