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810192
registered interest false more like this
date less than 2017-12-20more like thismore than 2017-12-20
answering body
Department for Communities and Local Government more like this
answering dept id 7 more like this
answering dept short name Communities and Local Government more like this
answering dept sort name Communities and Local Government more like this
hansard heading Non-domestic Rates more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Communities and Local Government, whether his Department has conducted an impact assessment of the effect on high streets of changes to business rates. more like this
tabling member constituency Denton and Reddish more like this
tabling member printed
Andrew Gwynne more like this
uin 120658 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-15more like thismore than 2018-01-15
answer text <p>Valuations for the purposes of rating are carried out independently by the Valuation Office Agency. The majority of ratepayers have seen no change or a fall in their bills. However, for those facing increases as a result of the 2017 revaluation we have provided a £3.6 billion transitional relief scheme.</p><p>At the 2016 Budget, the Chancellor announced the biggest ever cut in business rates – worth nearly £9 billion across the next five years, taking 600,000 small businesses out of paying rates. In the Spring 2017 Budget, we announced £435 million support to businesses seeing increases in rates bills. In the Autumn 2017 Budget, the Chancellor announced that he will bring forward the switch of the annual indexation of business rates from RPI to the CPI by two years, which is worth £4.1 billion by 2023.</p><p>The Government is committed to supporting small and medium size businesses on our high streets. Since 2010, we have given over £18 million to struggling town centres through the High Streets Innovation Fund and launched successful initiatives such as “Love Your Local Market”.</p><p> </p>
answering member constituency Richmond (Yorks) more like this
answering member printed Rishi Sunak more like this
question first answered
less than 2018-01-15T17:10:47.247Zmore like thismore than 2018-01-15T17:10:47.247Z
answering member
4483
label Biography information for Rishi Sunak more like this
tabling member
1506
label Biography information for Andrew Gwynne more like this