Business Rates
Debate between Mary Macleod and Toby Perkins
Toby Perkins
I am grateful to the hon. Gentleman for that point. He is right that business rates are only one aspect of the problems, but they are clearly a very important aspect because businesses say that they are the No. 1 cost of doing business issue. He is right that we need to go further, but on that basis, this pitiful move by the Government is very disappointing indeed.
Mary Macleod (Brentford and Isleworth) (Con)
The hon. Gentleman has been to my constituency in west London. What would he do for businesses in London, because their business rates are high, but their rateable values are higher than the limit that he has set out?
Toby Perkins
That is an interesting point. I went to a newsagent in the hon. Lady’s constituency which certainly will not be paying business rates above the level that we have set. The vast majority of businesses will be below the £50,000 level. This policy is a significant step that will affect 1.5 million businesses. Every time we hear from Conservative Members, it is clear that the only voices in their ears are those of big business. They do not understand the reality of small businesses. That is coming across loud and clear once again today.
Even after today’s announcement, the bills this year will still go up by about £250, and that is when we are supposedly seeing action.