(2 days, 22 hours ago)
Commons ChamberAs the hon. Lady knows, the Prime Minister said yesterday that we will be hosting a National Economic Council with the First Ministers of Scotland, Wales and Northern Ireland in order to discuss devolution at length, and the decisions around devolution that she has described will be made from there.
Vikki Slade (Mid Dorset and North Poole) (LD)
I align myself with the comments about firefighters and suggest that the right hon. Lady might need a bigger room for the summit, as there is so much interest in it.
I seek some clarity on business rates. She mentioned that devolution might lead to business rates retention, but it is the structure of business rates that is causing the decline of our high streets and the decimation of our hospitality sector. Giving local authorities such as Bournemouth, Christchurch and Poole council and Dorset council the right to cut them will simply move the problem from the business to the statutory services of the councils. Could she clarify this and expand a little on her intentions?
I am grateful to the hon. Lady for allowing me to be clear about this issue. The Prime Minister made clear his intention around business rates very early in his premiership, including on cutting business rates for pubs and hospitality and businesses that really benefit our high streets. Where we are proposing devolution is for business rates retention, encouraging areas to grow their economy and then enjoy a share of that. They will not have any difference in altering the level of business rates, but they will be incentivised and be able to keep a share of them.