Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Communities and Local Government, what assessment he has made of the effect on local businesses of an increase of 36 per cent of the rateable value of business properties in Hammersmith; and if he will increase the threshold of small business rate relief in London in his next Budget.
For the minority of businesses facing an increase as a result of the revaluation, the Government is putting in place a £3.6 billion in transitional relief that caps and phases any rises in their bills. At Budget 2016, the Government announced a £6.7 billion package of cuts in business rates. This included the permanent doubling of small business rate relief to 100 per cent, and an increase in the threshold for 100 per cent relief from £6,000 to £12,000 rateable value. As a result of these changes, 600,000 businesses will pay no rates at all.