Oral Answers to Questions

Debate between Nickie Aiken and Jake Berry

Monday 13th January 2020 Commons Chamber

[Nickie Aiken]

I thank my right hon. Friend for his reply—and I think his tie is very blue.

My constituency, Cities of London and Westminster, is home to Oxford Street, often referred to as the nation’s high street. Given that local authorities rely heavily on business rate receipts to help encourage more investment into the high street, what plans do the Government have to give councils greater fiscal powers to invest business rates locally?

[Jake Berry]

What an excellent question; I would like to start by welcoming my hon. Friend to her place, and her question is a sign of the expertise that can be brought into this House when we have people with long experience in local government. She will know that local government can currently retain 50% of business rates revenue growth, and councils are able to work with those retained business rates and see what they can do to improve their local areas. I know that as a new and robust Member of this House my hon. Friend will continue her work with Westminster City Council to make sure that that happens.