Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, how many high street businesses in (a) England and (b) Aldershot constituency closed in each of the last five years; and whether she plans to make changes to the business rates system.

Whilst there is no strict definition for a high street business, the Office for National Statistics publishes business demographic information on an annual basis. The latest release was published on 18 November: Business demography, UK - Office for National Statistics.

At Budget 2024, the government published ‘Transforming Business Rates,’ this sets out the government’s first steps to reform the business rates system.

As part of this reform plan, the government has announced that it intends to introduce permanently lower tax rates for high street retail, hospitality, and leisure properties, with rateable values below £500,000, from 2026-27, and has introduced primary legislation to deliver on this commitment.