Mark Prisk
Main Page: Mark Prisk (Conservative - Hertford and Stortford)
Penny Mordaunt
I would point out to the hon. Gentleman that we are not in the business of giving rate relief to penalise other sectors, whether it is the business sector or the public sector. The relief that I have just outlined has been funded by central Government. We have not been penalising business. The hon. Gentleman can make submissions to the review, but I have to tell him that the review has been welcomed by business.
Mr Mark Prisk (Hertford and Stortford) (Con)
Businesses of all sizes will welcome today’s reports that there will be, as the Minister has just said, a review of the way in which business rates are calculated. Given that, may I urge her and her colleagues to rebalance the costs between small high street shops and large online retailers? I hope she agrees that it is time to re-tip that balance.
Penny Mordaunt
I thank my hon. Friend for his question. Despite being seen as the death knell of the high street, online retailers have helped to bring about a resurgence on the high street. Some 35% of all online sales are now picked up through click and collect. We have just published the Future High Streets Forum’s digital report, which outlines not only ways that big business and companies such as Google, IBM and others can assist the high street, but why it is in their interests to do so.