Oral Answers to Questions

Debate between Mohammad Yasin and Gareth Thomas

Thursday 30th January 2025 Commons Chamber

[Gareth Thomas]

One reason why the Conservatives lost the confidence of the British business community was that despite repeated promises to reform business rates, they took no steps to do so. We announced plans in the Budget, back in October, to reform business rates and introduce permanently lower rates for retail, hospitality and leisure businesses. The Conservatives were going to end business rates relief for retail, hospitality and leisure; we have chosen to extend it. We also announced in the Budget that we were looking at what further steps we could take on business rates reform.

[Mohammad Yasin (Bedford) (Lab)]

7. What assessment he has made of the effectiveness of the UK in attracting international investment.