Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will reduce business rates for (a) local shops and (b) businesses during the covid-19 outbreak.
This year the Government has provided an unprecedented business rates holiday for eligible retail, hospitality and leisure properties due to the direct adverse effects of COVID-19, worth about £10 billion.
In the 2020 Spending Review, the Government committed further support to businesses, including in retail, hospitality and leisure, by freezing the business rates multiplier for 2021-22. In order to ensure that any decisions best meet the evolving challenges posed by COVID-19, the Government will outline plans for 2021-22 reliefs in due course.