Engagements

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:00 am on 1st March 2017.

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Photo of Theresa May Theresa May The Prime Minister, Leader of the Conservative Party 12:00 am, 1st March 2017

As my hon. Friend will know, business rates are based on property value and it has been seven years since property values were last looked at, so I think it is absolutely right that we update them. But of course, as I recognised last week, there are different impacts on different businesses, and it is important that we have already put significant sums into transitional support for businesses so that we help the companies that are facing increased bills. As I said in this House last week, I have asked my right hon. Friends the Chancellor and the Communities and Local Government Secretary to make sure that the support that is provided is appropriate and is in place for the hardest cases. I would expect my right hon. Friend the Chancellor to say more about this next week in the Budget.