Business Rates: Retail, Hospitality and Leisure Debate
Full Debate: Read Full DebateRachael Maskell
Main Page: Rachael Maskell (Labour (Co-op) - York Central)Department Debates - View all Rachael Maskell's debates with the HM Treasury
(1 day, 13 hours ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
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Dan Tomlinson
As I have said, the Government were aware that a revaluation was taking place. That revaluation, which was initiated by the last Government, took account of property values in 2024, and will be in place from April this year. We were also aware—and Members in all parts of the House would probably agree on this—that by the end of the decade it would not be appropriate to retain the full pandemic relief almost 10 years after the height of the pandemic. In the round, as a result of those decisions, we came forward with a significant package of £4.3 billion of protection for businesses across the country—large and small, high street and non-high street—to help them adjust to the potential for higher bills that some are experiencing. Let me add that, as I said in my opening remarks, the business rates bills of about 50% of businesses are either flat or falling.
Pubs have a powerful lobby, unlike the independents on our high streets such as cafés and retail outlets. I have been poring over the spreadsheets showing the impacts that this will have on York. Some little retail outlets are seeing their business rates rise by 93%, and they simply do not have the resilience to deal with it. What will the Minister do for independents to ensure that they survive past March this year?
Dan Tomlinson
York high street, in my hon. Friend’s constituency, is a beautiful and wonderful place where there are many fantastic businesses. I worked there for a time. I know that Members in all parts of the House value the businesses that keep their high streets vibrant and thriving. We are taking steps, and we took steps in the Budget, to support high street businesses through our £4.3 billion of support, and we will continue to engage with Members and with businesses on the further steps that we can take to support them.