Tom Tugendhat
Main Page: Tom Tugendhat (Conservative - Tonbridge)Department Debates - View all Tom Tugendhat's debates with the HM Treasury
(7 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hammond
Nobody will see their rates bill go up by 600%, and the damping mechanisms make that clear. Of course rateable values may go up by very significant amounts. I shall have more to say about this next week.
Tom Tugendhat (Tonbridge and Malling) (Con)
I welcome the Chancellor’s promise to explain more about what he is going to do about business rates in the Budget next week. Does he recognise, however, that in taxing our towns and villages around the UK, especially the beautiful ones in west Kent, he is in danger of changing the culture that is at the heart of our community, not just raising money for the Exchequer?
Mr Hammond
Yes, I absolutely recognise my hon. Friend’s concern. It is for that reason, as well as for reasons connected to the economic sustainability of individual businesses, that we have said that we will look at how best to help those most seriously affected.