Arcadia and Debenhams: Business Support and Job Retention

Sarah Olney Excerpts

Wednesday 2nd December 2020 Commons Chamber

[Paul Scully]

My right hon. Friend raises a really important point. We have wrapped our arms around the economy, but clearly it is very difficult to do things at pace to cover everybody. We will always make sure that we reflect on what happens, to help as many people as we can and try to fill the cracks as best we can.

[Sarah Olney (Richmond Park) (LD)]

I, too, express my sympathies to all those employees of Debenhams and the Arcadia Group who find themselves out of work so close to Christmas and in such an uncertain time. Will the Minister’s Department work with local authorities to support them to offer more flexible rates terms to new businesses that want to come in and set up in the large voids that a lot of town centres will be experiencing in their retail spaces? Those voids affect town centres and communities. What can the Department do to work with local authorities to lower the barriers to new entrants into the retail sector?

[Paul Scully]

There are plenty of things on which we can work together with the sector and, indeed, the whole gamut of British high street businesses, including by talking about getting the rent balance right between landlords and tenants, as well as rates, as the hon. Lady says. The Economic Secretary to the Treasury is joining me on tomorrow’s Retail Sector Council call that I mentioned, to talk about the fundamental business rates review. I hope we will be able to work with local authorities to get that flexibility.