Rebecca Harris
Main Page: Rebecca Harris (Conservative - Castle Point)(12 years, 10 months ago)
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Julian Sturdy
I entirely agree with my hon. Friend. If he had been here for the beginning of my speech, he would have heard me quote one of my constituents who said almost exactly the same thing.
The coalition should be commended for pursuing a fairness agenda, but let us now extend the principle of fairness to the empty property rates tax, because there is nothing fair about increasing taxes on property owners who are already suffering due to high vacancy levels.
Rebecca Harris (Castle Point) (Con)
On fairness, one of the small business owners in Castle Point said that he would be very happy to pay tax on income that he was earning. He supports local businesses; he often has very good deals to help local businesses to get going; and he contributes enormously to the local community and local economy. He says that he would be delighted to pay even more on income that he was genuinely receiving, but he feels that it is incredibly unfair to be penalised when a property is empty.
Julian Sturdy
I entirely agree with my hon. Friend and that point is very well made. In fact, the whole hub of the argument is about fairness. People are completely prepared to pay tax on income earned, but this tax on empty properties could be seen as a tax on failure and it is just simply unfair.
Similarly, there is nothing fair about forcing entrepreneurs to consider selling, abandoning or even demolishing their premises because of the threat of excessive taxation. To penalise a property owner whose property falls vacant in recessionary times is not a prescription for economic recovery but a recipe for economic stagnation. Our stance on empty properties requires a fundamental review.