Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect on confidence among high street businesses and shoppers of extending business rates relief for the hospitality, retail, and leisure sector for an additional year.
The Government has taken the unprecedented step of providing over £10 billion in business rates relief this year for eligible retail, hospitality and leisure properties.
As announced at the Spending Review, to support businesses the Government will freeze the business rates multipliers for one year and will announce any decisions on future rate reliefs in the New Year.