My hon. Friend is absolutely right to set out the problems faced by small businesses. I have spoken to small businesses in my constituency across Tameside and Stockport. Many of them say that business rates are a major worry, not least because transitional relief is set to end in April next year. Does he agree that one reason why setting our proposal at £50,000 is absolutely right is that it allows small businesses to grow without getting clobbered by a massive business rates hike?